 eal Estate: It’s Where We Live, Work, and Play, So Why Not Recognize Its True Value?
Real estate often constitutes a large portion of the assets of a family or business owner, and therefore, real estate should be an integral asset in designing an estate plan. Real estate is a multilayer and very complex asset. This asset can be separated into parts, which, if properly utilized, may be worth more in pieces than as a whole. Social, economic, political and legal forces shape the way real estate is used, possessed and enjoyed. The Family Real EstateCare™ Group takes advantage of the recent changes in market forces, and how they are viewed, managed, and regulated, along with how they can create tremendous wealth building and planning opportunities. The basic concepts of real estate ownership, use, taxation, and protection can be used to reposition a piece of real estate to allow the owner to realize the property’s true value.
What else can property be used for that it’s not being used for today? The use of real estate is the property right that can fundamentally change the value of land. Personal real estate is a different investment vehicle than commercial real estate, simply because of the different use of land. If land can be repositioned for different and more profitable uses, then those different uses can trigger the value of property to increase dramatically. The re-characterization and conversion of current real estate uses can increase asset appreciation, boost cash flow, decrease taxes, offer more creditor protection, and enhance beneficial enjoyment by your family.
At Strazzeri Mancini LLP, real estate planning involves a detailed analysis of real estate use, possession, ownership, and taxation by specialized real estate advisors to help families and business owners realize the true value of their real estate, while incorporating real estate as a planning tool into their estate plan. Whether you are planning on buying a new investment property, maintaining or re-characterizing your investment properties, or preserving your current family residence, Strazzeri Mancini LLP can help you design real estate or business investment strategy that encompasses stability, foresight, tax strategies, compliance, and peace of mind.
Find out more about our Family Real Estate Planning process:
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