Attention Real Estate Investors: The Biggest Mistake You’re Probably Making That WILL Cost You EVERYTHING!!!
Attention Real Estate Investors: The Biggest Mistake You’rE Probably Making That WILL Cost You EVERYTHING…
Just south of ‘Sawmill Creek…..
Hi Attorney Kevin Pritchett here
No Estate Plan
The number one mistake I
The number one mistake I
see ALMOST EVERY SINGLE
REAL ESTATE INVESTOR MAKE…
Owing real estate and NOT integrating
your real estate into a properly constructed
Estate Plan…
Here’s the typical scenario
==You own 3-5-10 or more properties
==Properties may even be owned in
your own name (BIG MISTAKE 1 right there..)
== If you even have your properties in an
entity,you have the wrong type of entity
(different entities are required for
different types of investing….)(BIG MISTAKE 2)
==None of your properties are integrated
into a properly formatted Estate Plan
so that when you die, your estate is
required to open a Probate Legal Case
($30,000+ to resolve…) to distribute the
assets….assets get split up, taxed away…
EVERYTHING YOU WORKED FOR IS LOST…
The Simple Solution
The tragedy of the scenario above (that
I see and have to fix all too often ) is
to
Step 1 Have ALL real estate in proper entities
Step 2: Have a PROPERLY designed
Estate Plan.
Step 3: Designate a successor for
your real estate assets.
Step 4 Integrate real estate entities
and Estate Plan
such that upon your
death or disability the person of
your choosing seamlessly takes
over the operation and ownership
of your properties with NO INTERRUPTION
AND ABSOLUTELY NO TAX CONSEQUENCE
Your Real Estate Assets Are Not Properly Structured
I would bet all MY assets that if you’re a real estate
investor…..
YOU DON’T HAVE YOUR REAL ESTATE PROPERLY
SITUATION AS DESCRIBED ABOVE!!!!
Reach Out To Me If You Have Questions.
If you have comments or questions about
any of this…you only get ONE shot at this
and there’s a TON of stuff you need to know
to get it right!!!
OR
\
…send me an email :ironkop@gmailcom
or if reading on my blog or Facebook page
leave your questions or comments below.
Remember…..
“Things Don’t Get Better With Neglect…..”
Kevin Pritchett, Esq
Law Office of Kevin Pritchett, Inc.
312-505-1957
ironkop@gmail.com
