Using Tax Smart Vehicles to Restructure Your Investment Portfolio
Taxes can be an area of great pain and loss , or a way to compound gains and move further ahead .
Joel clearly understands some of the more advanced options for legally deferring taxes , as well as the nuances of some vehicles you may have already heard of , but can benefit from more indepth discussion to fully maximize .
New Rules for 1031 Exchanges
Imagine the possibility of taking timing out of the equation – so that your existing property or business can be sold at the highest and best value for you – and on the timeline that aligns with your goals vs . the buyer ’ s .
Deferred Sales Trusts ( DST )
Deferred Sales Trusts have been one of the best kept secrets for taxadvantaged sales of real estate , businesses , and many other highly appreciated assets .
DSTs can have some great flexibility advantages over 1031 Exchanges as well .
Partners can not only help with finding the right coverage , but performing contractual risk reviews , premium overpayment recovery , and insurance strategy .
Where they are different here is in offering a fullyintegrated approach , so you have a single point of contact for your insurance needs . Rather than a revolving door of agents , brokers , etc . ( e . g ., salespeople ). They can help cover every need for business owners and personal family needs including all investment real estate property , home , auto , life , health , umbrella , etc . with whiteglove service .
Even when the best decision is to retain your current coverage and issuers , service and cost levels can still be meaningfully impacted . And now you ’ ll also have the confidence and surety that comes from completing an outside thirdparty review , fully complimentary and with no obligation .
Can a Family Office help you ?
Many are familiar with 1031 exchanges for real estate and have even explored them or completed them in the past .
Joel wanted to make sure our readers were aware of some of the new regulations that now allow even more flexibility when using this taxdeferring vehicle , this includes allowing investments by utilizing the Tenants in Common ( TIC ) structure , and through fractional ownership in either one larger , or even multiple smaller new buildings .
Other previously unthought of asset classes can also be employed , including : land banking parcels , land infrastructure developments , new construction of single or multifamily apartments , and even hotel and other commercial hospitality developments .
This includes :
• Being able to replace real estate
with other asset classes such as institutional private equity investments and other liquid alternatives
• Can include personal residences
• Covers gains and taxes on selling a business or real estate , i . e . selling a dental or optical practice
• Estate planning components
Insurance – Comprehensive Strategy for Business and Personal
Joel Desilets is also very passionate about insurance strategy . Damascus
If you would like to learn more about how a Family Office , such as Damascus Partners , can help you with these particular subjects and strategies , Joel and his team would love to speak with you .
Please contact them at ( 800 ) 5061679 or email : service @ damascuspartners . com .
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