How Do I Prevent Family Feuds?
Build | Protect | Transfer
Real Estate Wealth
Imagine How Simple it Can Be With the Right Plan!
Get our Expert Advice Every Step of the Way!
Family Harmony Through a Real Estate Plan
Have you ever heard of a family that fought over inherited wealth? The challenge is real estate cannot be divided. Even when assets are passed down through a trust, heirs may not agree on what to do with the properties once received. Through a real estate plan, we seek to employ strategies to transfer real estate wealth in ways that meet the family's goals and avoid family disputes.
Real Estate Cannot be Divided
Unlike other investment assets, real estate cannot be divided. If you own a single investment property and wish to pass it down to your three kids, challenges arise when the kids cannot agree on what to do with the property. This fact alone can lead to family disputes after your passing.
Are all your properties the same?
Even in the instance you have an equal property for your kids, not all properties are the same. Family dynamics, location and personal preferences come into play. So how do you choose who gets which property?
Are All your Kids Alike?
Family disputes can also arise as a result of differences in the recipients of your properties. One child may wish to hold onto the properties and build their wealth, while another may have an immediate need for the money and therefore wish to sell the properties. And others may attach a sentimental value to the properties and wish to hold on to the properties even though it may not meet the financial goals of the family.
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"A Real Estate Plan begins with a Simple Strategy Session to Discuss Your Family's Goals"
Collaboration with Financial Advisors, CPAs and Trust Attorneys
We work with your team of trusted advisors to ensure the plan you decide on meets all aspects of your financial and real estate goals.
A Real Estate Plan begins with a simple Strategy Session to discuss your family's goals.
Would you like to take a Proactive Approach?
Protecting Your Real Estate Wealth
Preventing Family Disputes
The Benefits of a 1031 Exchange
How do I Build a Family Legacy?
Why Trust Circle Partners?
Do you already know a Real Estate Agent? The answer for most people is Yes. Often there is a family member or close friend who has a real estate license, or even someone you have used in the past.
What we often see is people focusing on the current need to buy or sell their home, and missing out on how the purchase or sale fits into their long-term real estate goals and reacting later in life.
As a Keller Williams (KW) Real Estate planner, our approach to real estate is a bit different. While a Real Estate Agent will focus on the finishing the current transaction a Real Estate Planner helps ensure your current purchase or sale and future decisions you make throughout your lifetime help to achieve your long-term real estate goals.
You will be amazed how a conversation with a KW Certified Real Estate Planner can effect your ability to Build, Protect and Transfer Wealth through real estate.
Office:
16201 90th St NE, Suite #100
Otsego, MN 55330
Call
763.340.2002
Email:
Site:
www.CirclePartnersMN.com
Each office Independently owned and operated.
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