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Real Estate
Below are links to blog posts related to Real Estate.
Arizona's Property Tax Exemption & Deferral
Arizona law permits the reduction, or elimination, of property tax obligations for qualified real property owners and also allows permits real property owners to defer payment of property taxes until the real property is sold or the real property owner dies.
Read More»Real Estate LLC & Asset Protection
Real estate can be the source of substantial liabilities. Under certain circumstances, however, many of those liabilities can be eliminated by properly structuring ownership of real estate in a limited liability entity like a limited liability company (LLC).
Read More»Arizona Beneficiary Deeds & Trusts: Creating Life Interests in Real Property at Death
On occasion, a decedent may desire to permit another to use real property after the death of the decedent but only for as long as the other person is alive, thereby restricting the other person (life tenant) from directing the transfer of the property at the life tenant's death. Although there are a number of different methods to create a lifetime interest in real property at a person's death, two of the simplest and most flexible methods are beneficiary deeds and trusts.
Read More»Foreclosure, Deeds in Lieu, Short Sales, and Taxes
When the owner of real estate defaults on a real estate loan and the lender asserts its rights in the collateral (the real estate) by suit to foreclose or trustee’s sale, or where the debtor proposes to convey the property to the lender by deed in lieu of foreclosure or to sell the property in a short sale for less than is owed, the consummation of any of these transactions can have significant income tax consequences for the owner/debtor.
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