Thankful Thursday Series with Local: Estate Planning & LLC

By
Real Estate Agent with Samson Properties VA0225077251

Life, as we celebrate it, is too short. Planning for it is very important, and the legacy can live on towards the next generation if done right. With this, it is my honor and privilege to introduce to you our local partner for this week's Thankful Thursday series -- locals S&T Law Group with Sarah and Toula in Fairfax, Virginia to talk about estate planning and buying a home under LLC in planning for the future.

What is Estate Planning

First off, we need to identify what estate planning is. Estate planning is the preparation of tasks that serve to manage an individual's assets at the time of their death or being incapacitated. For the most part, estate plans are set up with the help of an attorney experienced in estate law, which is what the S&T Law Group is so good at.

 

man writing on paper

(Photo by Scott Graham on Unsplash)

Why do we need it

Basically, estate planning is all about taking action when you're not there for your loved ones in the future. Not only that you can still care for them after being one or when you can't speak for them at the moment, but it also helps you get things under control through asset distribution which is a great help for your family in the future. More importantly, one of the things people overlook when it comes to estate planning is the lifetime documents that it has, namely general durable powers of attorney, and health care powers of attorney.

How you can do it

Surprisingly, it's not as complicated as most people think. As a matter of fact, you can move estate planning down your priority list, pretty much like tax computation (you know who you are). It's sort of an unpleasant process considering that you have to imagine that you're not being with your family for them and how to distribute everything to the members of the family. 

Nothing to fret about as S&T Law Group is all about making the mental gymnastics easier for you, and giving you that sense of comfort after accomplishing all of it, feeling secure knowing that you can control all the situations from where you are instead of having a judge make the decisions for you.

Buying a property through LLC 

LLCs are entities -- it's only one for the entities that you can hold real estate in which comes with great advantages such as being able to purchase a property to use it as a part of its real estate portfolio; the privacy it provides to the owner/s of the property, and many more. 

hallway between glass-panel doors

(Photo by Nastuh Abootalebi on Unsplash)

However, it is important to know what the purpose of buying a property through the LLC is -- is it for investment, or perhaps getting the property ready for rent, or maybe other reasons. One thing is for sure -- you have to be sure about your goal before making the decision.

Pretty much like estate planning, it isn't really complicated to form an LLC, but a lot of consideration has to be made prior to making your move. Then again, that's just what S&T Law Group is about --making the process much easier for a better future.

man sitting beside white wooden table

(Photo by Austin Distel on Unsplash)

If you want to learn more, you can check out the video above and find out how you can start estate planning and buy or place your property under LLC. You can also reach out to Sarah or Toula by going to https://sandtlawgroup.com.

Want to know more about real estate, and how you can purchase your dream home? Planning to put it under LLC in the future, or perhaps looking forward to renting your property for that additional cash flow in the DC Metro housing market? Let's talk -- 703-625-4949 or check out my website RituDesai.com for more information on how I can help you make your move today!

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com
 
Residential real estate agent serving Northern Virginia in Fairfax & Loudoun county over a decade and almost $100+M in sales volume experience. 


 

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