2023 Personal Trust Q&A Podcast

Q&A Call 05/03/23


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See the Video Recording here: https://us02web.zoom.us/rec/play/fVaNrDNig-N6LKjOvTYRdaoKF0k1vF8uTgwdGcVoyTiSD1pLIGSoEA9EyOWE84xEt4MqI2TY7c6Hsq2B.kkeECDvKfIhGWpVi?autoplay=true&startTime=1683130007000

Access the Live Transcript here:
https://otter.ai/u/pE851bkbohE8N4iZiTG9JHp540c?utm_source=copy_url

Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event

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*Documents from this call:

  • Instructions for Creating Divisions to Own Real Estate from Decanting Land Trust: https://docs.google.com/document/d/1WeQf8rDeQe_ScnapcA4v_ZOE31loc-TEXMicpmGjDzM/edit

Outline:
-How do you structure a Business Trust?
4:41
-Who are the beneficiaries of the property?
13:21
-The difference between a Land Trust and a Business Trust.
21:49
-The problem with using addresses to draw legal conclusions.
28:52
-Do we need a management agreement with the property management division?
36:19
-How does a Trust Transfer trigger a transfer tax?
44:00
-How would a division be organized?
53:11
-What is a related party transaction?
1:01:11
-The difference between fair market value and base sale price.
1:07:50
-How much should we value this business?
1:17:09
-What can you do with the charitable public foundation?
1:20:45

...more
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2023 Personal Trust Q&A PodcastBy Ginamarie Gaudio-Grace