Joseph and Ann Sullivan had been to an attorney who recommended that they use a grantor retained annuity trust to reduce their estate in order to pass a valuable piece of income-producing commercial real estate to their daughter, Becka. They were hesitant about the attorney’s plan because, if they died during the term of the trust, the trust would terminate. The property would be back in their estates and they would not accomplish their goal.
A majority of Florida’s biggest landowners are in construction and timber. Because of the large chunk of land that they own, they eventually trickle down to land development and real estate. If you are interested in buying property, read first about realtors in my book on purchasing a home in Florida in the Florida Domicile Handbook. St. Joe Company, the second largest private landowner of Florida, has made a name and reputation in real estate
Looking forward to retirement? Maybe you’re a seasonal visitor or like me, spend the summer up north. If you haven’t decided on where to retire, let me tell you why Florida should be your choice. First of all, buying a house in Florida is extremely affordable right now. A friend recently told me that his realtor found a home in foreclosure that they bought for $250,000. It was valued at $1.2 million just four years
Does a theme park of plastic buildings made for the enjoyment of kids impact the value of land, support economic rise through investors and increase employment opportunities? Yes, it does! This is what Legoland is expected to do and anticipated to bring into Florida when it opens later this year. Creating about 1,000 jobs, it is yet another testament to Florida’s growth rate which is double the national average. The theme park career opportunities add
I read an interesting article online called “Dynasty trusts let wealthy beat the taxman” that explained why a dynasty trust is becoming more popular and wanted to share it with you. In the article, author Elizabeth Ody, explains that “A dynasty trust funded with $10 million from a couple today could be worth as much as $184 million in 50 years, assuming no intergenerational transfer taxes and a 6 percent annual return, and before subtracting