Abilene, TX (1888PressRelease)
February 22, 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, Quantum will be able to offer this service to clients who are selling highly appreciated real estate holdings. As an alternative to the 1031 Exchange, advisors will offer property and small business owners the Deferred Sales Trust™ 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 Flynn, JD & MBA, one of Quantum’s managing partners, said "the DST™ program is a huge cash saver to a commercial property seller who fails to qualify for a 1031. Now, he can relax, take his time and no longer has to make a hurried up ‘like kind’ exchange decision because of the benefits a DST™ strategy can provide. The ability to meet my clients’ objectives through providing an additional valuable service, which saves them real dollars, further bolsters my credibility as a valuable professional advisor.”
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.
Quantum Engineering Associates is a leading structural engineering & cost segregation firm based in Boynton Beach, Florida.
For more information, you can contact Tom Flynn, JD, MBA of Quantum Engineering Associates, Inc. at (561) 572-0177 or on the web at http://www.selltaxdeferred.com or www.mydstplan.com/tflynn4857
