You have worked your whole adult life to establish a real estate legacy. These real estate investments have paid for your kids’ college and your retirement. You put your blood, sweat and tears into them and now you have to make key decisions regarding passing the assets on. In this informative article from RealtyTimes, titled, Considerations Regarding Passing Real Estate Assets to the Next Generation by Clifford A. Hockley.
In this article Hockley explores several options to distribute your estate assets including:
- Giving your assets to a charitable foundation.
- Having a trust company or bank mange your real estate assets in trust.
- Leaving your assets to your family.
Whatever you decide, or your needs, CU Realty Group is here to assist you create and manage your real estate legacy you need to start with leadership and real estate training early. Not all have an aptitude for leadership and interest in real estate or financial analysis. You will need to develop fair and transparent procedures that can be adjusted to the personalities in the next and following generations. This will take an investment of time and money with real estate team including real estate attorneys, property managers and CPA’s.
If you want to leave a legacy, the payoff will be large and in your heart of hearts you will have succeeded not only for yourself, but for your children and grandchildren. Give me a call today to get started!