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So far Ana Reano has created 64 blog entries.

3 Steps to Deferring Capital Gains Tax When Selling Real Estate

A 1031 Exchange is a powerful way to defer Capital Gains when selling a real estate investment. This process can generally be broken down into three steps: Step 1 Once you have determined you want to use a 1031 Exchange to sell your investment property, you need to ensure the proceeds from your sale are

2022-08-18T16:18:04+00:00August 17th, 2022|1031 Exchanges, Real Estate|

How To Defer Capital Gains Taxes With a 1031 Exchange

It has been called one of the greatest wealth-building strategies ever devised. Section 1031 of the Internal Revenue Service Code allows investment property owners to sell real property, reinvest the proceeds in "like-kind" exchange property, and defer capital gains tax. What is a 1031 Exchange? The IRS has allowed tax-deferred exchanges for over one hundred

2022-08-16T20:28:49+00:00August 16th, 2022|1031 Exchanges, Real Estate|

The Top 5 Misconceptions About 1031 Exchanges In 2022

After a tsunami of a year facilitating 1031 Exchange transactions, we found there are many misconceptions among investors about 1031 Exchanges. Here are five of the most common areas of investor confusion: Reverse Exchanges Are Quick & Simple: Identifying replacement property in a hot market was a challenge for 1031 Exchangers this past year,

2022-08-11T19:49:37+00:00August 4th, 2022|1031 Exchanges, Asset Protection, Real Estate, Tax Planning|

The “Drop & Swap” Alternative In A 1031 Exchange: Do As You See Fit With Your Proceeds

Partners in an LLC selling real property may be bracing to receive the sale proceeds and pay capital gains tax. But what happens when the partners disagree on the exit strategy and one or two partners want to continue deferring taxes? Fortunately, there is a strategy known as "Drop and Swap" where partners can

2022-08-25T20:19:46+00:00August 4th, 2022|1031 Exchanges, Business Tips, Real Estate|

A Wealth Planning Process for Pursuing Success on Purpose

One of the best things you can do when managing is to be extremely clear on what you’re looking to accomplish and what hurdles stand in your way. Why? Success-in investing, in business, in life rarely happens by accident. When you’re “clear-eyed” about where you want to go and what could get in your way

2022-07-11T20:54:56+00:00June 8th, 2022|Financial Planning|

Finding Advisors Who Are Truly Client-Centric

It’s extremely common for financial professionals these days to advertise how well they focus on their clients- and with good reason: After all, you’re probably more likely to consider working with people in just about any capacity who say that they will make the experience “all about you.” The good news is that, in our

2022-05-06T18:17:30+00:00May 6th, 2022|Financial Planning, Professional Advisors|

What’s Your High-Net-Worth Personality?

One of the best ways to make smart decisions about your wealth is your wealth is to work with professionals who are able to connect with you and relate to you. You want to surround yourself with experts who know you well enough to really "get" what you want your money to accomplish and why.

Financial Planning for a Special Needs Child

Raising children and grandchildren is challenging in the best of circumstances. But when a child has special needs or a disability , the hurdles can look more like mountains and the potholes can feel more like bottomless pits. That’s especially true when it comes to paying for the many expenses that can accompany raising a

2022-02-28T20:13:29+00:00February 28th, 2022|Family, Financial Planning|

Transferring Values: Not Just Wealth to Your Heirs

Many of us have thought about how to best transfer our wealth to our heirs someday. Unfortunately, we see that parents and grandparents with significant often don’t spend enough time on passing along the values that helped them build, grow and maintain that wealth. The resulting “values vacuum” can potentially cause some big problems when

2022-02-04T19:51:52+00:00February 4th, 2022|Family, Financial Planning, Wealth|

A Wall Around Your Wealth: The Importance of Asset Protection

Success can come with a major downside: It can make you a potential magnet for lawsuits-including frivolous and unfunded ones-and other other attacks that can wreak havoc on your financial health and stability. Indeed, you may very well know someone in your life who has been sued. Maybe it was you! That means you’ve got

2022-01-03T21:34:30+00:00January 3rd, 2022|Asset Protection, Financial Planning, Insurance|
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