Real Estate Radio Hour Legal Minute – July 2011: Estate Planning for Real Estate Owners

July’s “Legal Minute” segments focus on yet another sobering topic (although not as sobering as June’s bankruptcy vignettes):  estate planning.

As I say in my July 2 segment:

Owners of real estate have special issues to deal with including the liability that comes with the ownership of real estate; the natural illiquidity that comes with holding real estate; and the unknowns in valuing real estate for purposes of state and federal estate tax.  A variety of planning mechanisms can be used depending upon the situation, including LLCs, revocable and irrevocable trusts, family limited partnerships and asset protection trusts. 

Click on the links below to listen:

Estate Planning for Real Estate Owners (July 2, 2011)

Use of LLCs in Estate Planning (July 9, 2011)

Use of Revocable Trusts (July 16, 2011)

Qualified Personal Residence Trusts (July 23, 2011)

Domestic Asset Protection Trusts (July 30, 2011)

For older segments, please visit the Real Estate Radio Hour page of my website.  Also, be sure to tune in to the show live every Saturday from 10 AM – 11 AM, Central Time, on WCCO Radio 830 AM.