2min chapter

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#292 - Ryan Heath - Founding Attorney @ Baker Heath, PLLC - Estate Planning 101

The Fort - An Entrepreneurship Podcast

CHAPTER

How to Transfer Real Estate Amongst Generations

A lot of folks on here own real estate. Sometimes you see families that have owned it so long, it's depreciated to zero. So we will typically want that land to be included in the person's estate when they die. The reason for that is that that land gets a new starting point for capital gains purposes. It's called a step up an income tax basis at death. You're usually going to want your land in LLC, some sort of entity from an asset protection standpoint.

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