Estate Planning for Real Estate Investors

If you don’t have an estate plan yet, you absolutely should. An estate plan is a legal strategy that addresses how your money and other assets will be distributed upon your death. Deciding these matters ahead of time is the best thing for you and your heirs. At Royal Legal Solutions, we are aware of the unique needs of the real estate investor and take care to address these when creating your personalized estate plan.

What are the parts of an Estate Plan?

Estate Planning for real estate investors with less than the Federal Estate tax thresholds (currently approximately $5.5 million) consists of two core components: a Living Trust and a Pour Over Will. These tools work together to ensure a seamless business transition that carries on your legacy as quickly and simply as the law allows.

Estate planning is vital for all people, but real estate investors in particular have unique concerns that our firm is uniquely qualified to address.

What is the Living Trust?

The Living Trust will have ultimate ownership and control over all of your assets and companies. The Living Trust allows for the control of the assets to immediately pass to the designated heir, as opposed to getting caught up in probate court by passing through an ordinary will. With this method, you can breathe easy knowing that mortgage payments are made, rents are collected, insurance premiums are paid, etc. The Living Trust ensures that your property is not lost or diminished in value, which are both highly likely occurrences if the properties are caught in probate court.

What is the Pour Over Will?

The Pour Over Will essentially states that anything that was not put into the Living Trust during your lifetime is “poured” into the Trust and distributed accordingly to the beneficiaries (your heirs). These tools work together to ensure a seamless business transition that carries on your legacy as quickly and simply as the law allows.

Estate Planning Fundamentals

Understanding The How & Why

Smart people make plans. Smart investors can’t afford not to. Learn estate planning basics and how to begin making the right decisions for your family.

ESTATE PLANNING CHECKLIST

Our estate planning checklist will help you put your affairs in order and anticipate every potential issue that can arise when your assets are distributed after your death.

Estate Planning: Benefits of the Structure

Structures like the series LLC let your real estate empire outlive you, plus they hide assets from Uncle Sam and his army of attorneys and accountants.

Estate Planning 101

A trust is a great way to pass your legacy on to the next generation, it’s your family, friends or a charitable organization that you want to support.

Finding A Trustee

Finding a trustee for your estate plan is tricky. If you choose someone who isn’t up to the task, you won’t be around to correct them.

Living Trust Versus A Will

Many investors don’t even know how crucial it is to have an estate plan. Learn the about wills and trust and you’ll start to see the light.

HOW DO ESTATE PLANS WORK?

Trustee Vs. Executor

You can ease the burden on your heirs by planning ahead, and letting your chosen executor and trustee(s) know about their jobs ahead of time.

Trust Executor Duties

So you’ve been named as an executor in a will or as a trustee in a trust?  We cover the difference between the two, the trust executor duties and more.

Self-Directed Roth Ira Llc

Roth IRAs, while primarily used for the purposes of retirement, can also be useful for estate planning. We’ll show you how.

Updating Your Estate Plan

There are five major life events that are also the times you should review your estate plan and make any necessary adjustments. 

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Estate Planning Products

ESTATE PLAN

ESTATE PLAN

ESTATE PLANNING

An estate plan is a legal strategy that addresses how your money and other assets will be distributed upon your death.

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FAMILY OFFICE SUBSCRIPTION PLAN

FAMILY OFFICE SUBSCRIPTION PLAN

MEMBERS

This plan ensures that you have everything you need for a successful, legally compliant real estate business.

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Our Blog Posts on Estate Planning

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