THURSDAY DECEMBER 6, 2007 - Noon to 1 PM - Special Guest: Paul Savery will be present for today's meeting to discuss the benefits of the 1031 Exchange. Thinking about selling your investment property but concerned about high capital gains taxes? You can defer those taxes - indefinitely - through the process of a 1031 exchange. Let, Paul Savery, an exchange professional take you through the steps of a 1031, or like kind exchange, covering everything from the basic terminology to choosing a qualified intermediary.
A Trust is a legal agreement whereby one or more individuals manage property for the benefit of others. There are three major parties: (a) the Trustor (also known as the Settlor or Grantor); (b) the Trustee; and (c) the Beneficiary (or Beneficiaries).
Generally, a Trustor transfers property (monies, real property, etc) into a Trust. The Trust declares that a named Trustee shall manage the Trust property for a Beneficiary. A Trust can have more than one Beneficiary, Trustee or Trustor. Also, one individual can assume two or even three of the roles as Trustor, … (2 comments)
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