| Search by tag or site | Login to my blog ? Start my own blog |
 |
Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
THE IRS CODE 1031 EXCHANGE ALTERNATIVE: P.A.T.
Private annuity trusts provide a powerful alternative capital gains tax reduction strategy to the section 1031 exchange to defer capital gains tax, eliminate estate/inheritance taxes, and to transfer appreciated real-estate property to one's heirs with deferred capital gains and depreciation recapture taxes.
http://www.millionairenowbook.blogspot.com/
A private annuity trust (PAT) provides owners of highly appreciated assets such as businesses, real estate, and stocks/equities the following benefits:
+ Capital Gains Tax Deferment
+ Lifetime Income Stream
+ Investment Flexibility
+ Deferred Depreciation Recapture Taxes
+ Disciplined Retirement Savings
+ Family Controlled
+ Program Eligibility
+ Tax Free Estate/Inheritance Transfer to one's Heirs
In many respects, a PAT is superior to a charitable remainder trust (CRT), installment sales. And unlike a section 1031 like-kind real estate tax exchange, a PAT can be created from the sale of a variety of appreciated assets and not just sale of real estate property.
This trust is especially useful for deferring taxes on appreciated assets such as real estate and other equities - for property that does not qualify for 1031 tax treatment as well as 1031 qualified property.
If you are confused, just ask me or read this: Private Annuity Trusts:Questions and Answers
By Ray A. Smith From The Wall Street Journal Online
- How (bad) Certain Investments Did Last Week
- Dow Dips Below 8,000 Threshold, Reaching April 2003 Levels
- Some Insight From The Blogs:
- Canslim.net Morning Comment And Links (for Traders)
- Stocks Fail To Turn Up; Sec's Shorting Ban On Financial Shares Expires
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
Today we have the Fed speaking and release of Fed mi [read more]
NOTE: Please click on the charts below to enlarge them [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
<< My Home | TheMoneyBlogs Home