Episode 12

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Published on:

31st Jul 2020

TAX SMART TAX ZERO - EP 12 - CONQUERING CAPITAL GAINS (REAL ESTATE EDITION)

Currently, inheriting real estate allows a step up in basis due to death.

Is it wise to keep the rental properties, generate retirement income by this alternative asset class and worry about capital gains later?

What if the step up in basis is abolished under new tax law?

Is establishing a QPRT (qualified personal residence trust) a good idea?

After inheriting property, should the beneficiary change their current estate plan or make one and consider their own Irrevocable Trust?

When is an Irrevocable Living Trust best utilized?

We cordially invite you to start your journey to tax-free wealth.

Karen Scott Mims, ESQ.

JOIN THE MAILING LIST: https://www.signup.taxsmarttaxzero.com

VISIT OUR WEBSITE: https://www.TAXSMARTTAXZERO.com

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About the Podcast

Tax Smart Tax Zero
The Path to the 0% Tax Bracket with Karen Scott Mims, ESQ.
Most people simply ignore taxation through the 4 phases of wealth.
Instead of understanding the three tax buckets, they arrive at retirement with huge 401(k)’s in the tax-deferred bucket, and ignore the taxable and most importantly, tax-free bucket.

How can the middle- class millionaire, average Joe and Jane, be so unprepared about how to protect their wealth using tax loopholes like the wealthy 1 percenters do?

Easy.

Welcome to the Tax-Smart Tax Zero podcast.

This is a show all about TAX-FREE wealth.

Financial advisors sell rate of return, annuity salesman sells what else annuities and part-time tax preparers sell 1040 to submit on April 15th.

But the real goal is to implement STRATEGIC tax planning!

We invite you to take the journey and explore the Path To the 0% Tax Bracket.
It's time to Divorce Uncle Sam From Your Wealth!

Welcome to the world of your host, noted Tax Attorney and Private Wealth Strategist,

Karen Scott Mims, Esquire.