Fort Worth-Arlington, TX (1888PressRelease)
February 21, 2008 - Many baby boomers are looking to liquidate the wealth they have accumulated in real estate or their small businesses, but capital gains taxes can reduce their net profit. With a 1031 exchange, the seller exchanges the property for another like property avoiding capital gains tax, but with an exchange they may not eliminate the day-to-day management of an investment property or small business.
Under the agreement, Gledhill Properties will be able to offer this service to clients who are selling highly appreciated real estate holdings. As an alternative to the 1031 Exchange, Gledhill real estate advisors will offer property and small business owners the Deferred Sales Trust™ (DST™) which allows a property owner to defer capital gains over their life time. With additional planning, the DST™ can also remove the asset from the client's taxable estate.
Tom Gledhill, the firm’s president, adds, “I have come across many situations where the DST™ would have been a useful tool for my clients. There was a situation I ran into recently where a large land holder sold some land and couldn’t place the money in time, using a 1031 exchange, and had to pay taxes on a portion of the proceeds. The DST™ would have offered the perfect way out.
Now I have the DST™ tax deferral strategy in my arsenal as a more comprehensive way to aid my clients, and help them sell their property tax deferred.” The DST™ is offered exclusively through the Estate Planning Team, a membership organization based in Palm Desert, CA. Estate Planning Team offers the DST™, and other wealth preservation strategies, through realtors, title insurance representatives, investment advisors and insurance representatives on a nationwide basis.
