Estate planning is one of the most overlooked parts of real estate investing, but without it, your portfolio and family can be left exposed. This week on the Tax Smart REI Podcast, we sit down with attorney, broker, and investor Diana Khan to talk about how real estate investors should approach estate planning.
You'll learn:
- Why every investor needs at least a will and power of attorney (even at 18)
- The difference between wills and trusts, explained with Diana’s “backpack” analogy
- How to decide between revocable and irrevocable trusts
- Practical ways to structure LLCs and holding companies for asset protection
- When (if ever) offshore trusts make sense
- How life insurance ties into your estate plan
Whether you own one rental or a hundred, this episode will show you how to protect your assets, minimize risk, and create a plan that works for your family and your future.
Connect with Diana: https://www.dklawmd.com/
Connect with Eckard Enterprises: https://eckardenterprises.com/taxsmartrei/
To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6
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The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Any mention of third-party vendors, products, or services does not constitute an endorsement or recommendation. You should conduct your own due diligence before engaging with any vendor.
