This is Made Possible And Easy When You Call Childrens' Community Foundation
Before the Seller accepts a sale contract.
The Children's Community Foundation assists Seller & his legal/tax counsel to set up:
(1) A self directed charitable remainder trust.
(2) A wealth replacement insurance trust.
(3) A self-directed investment account.
These can be accomplished quickly and at a nominal cost.
Like taking the ownership out of the right pocket, which is taxable and putting it in the left pocket, which is NON-Taxable.
Seller has his charitable trust sell the property so there is NO TAX on the gain.
The government will let yo make a profit on investments and NOT PAY TAXES if you will make a donation to charity after you die.
To qualify only 10% of the value of the asset is required to be donated to charity after you die.
Seller controls reinvestment of the sale proceeds and keeps the income for life.
Seller remains the directing trustee of his trust and can reinvest in non-real estate assets such as securities, annuities, mutual funds, mortgages, etc. as they choose. The seller can control the amount of taxable income taken from their investments in any one year.
If the money is not needed for current year personal expenditures, why take it and pay taxes? Investments can be made inside the trust on a tax-free basis.
Seller passes assets in cash to heirs through wealth replacement insurance.
The wealth replacement insurance trust is funded with insurance paid by the seller's charitable trust. After the seller dies, the charitable trust bexomes a donation to charity but the wealth replacement insurance rust pays the cash value of the seller's assets to his heirs and/or assigns WITHOUT any exposure to estate taxes that might be in force at that time.
Almost anything that can be done in a will to organize and direct the passing of assets to heirs can be done with a wealth replacement insurance trust and often much more effectively.