Fred Long

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Fred Long

Fred Long

@FredLongLaw

Wills, Trusts and Estates Attorney at Long Brightbill Real Estate Attorney and Title Agent at Long Brightbill Anderson

Lebanon PA Katılım Temmuz 2022
72 Takip Edilen9 Takipçiler
Iron Kaput
Iron Kaput@IronKaputNr1·
@NHLFlyers Clowns in meat grinder. As a @penguins fan very satisfied! I think i will be 4-0 in series.
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Fred Long
Fred Long@FredLongLaw·
@RealEstateMaxi This depends on the jurisdiction. In PA, for example, transfers from an individual to a single-member LLC is NOT exempt from transfer tax, which is 2% of FMV. On a 500k property, this approach would cost an extra 10k in taxes that could have been avoided if LLC was set up first
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Alan Corey | Atlanta Real Estate Expert
Creating an LLC is not the first step to real estate investing. You can always create an LLC after closing on a property in your name and move the title over to a business name. Called a quit claim deed. Costs $150. Normal.
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Fred Long
Fred Long@FredLongLaw·
@TyMOwens @wealthandlaw @MichaelHBaker @TyMOwens Just curious why the bene couldn't wait until turning 18 to take distribution? In some cases, I would think it takes longer - especially when court intervention is required - to establish guardianship versus waiting until the child turns 18.
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Tyler Owens
Tyler Owens@TyMOwens·
@wealthandlaw @MichaelHBaker This. Had this happen and the bene was months from 18. GA requires a bond and the paperwork was a nightmare. Involved multiple annuities too 😵‍💫
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