You're in your 50s, so you're thinking about estate planning. You have a few children, a good amount in assets - investments, cash, real estate and much more - and you want to make sure they get passed on to your kids properly. But you haven't done anything yet. If...
Handling A Wide Variety Of Matters
Month: February 2017
Should You Be The Bank?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 8, 2017 | Firm News
Did you know that you can act like a bank and loan money from your personal accounts, including retirement accounts, to people and companies looking to borrow money? We represent many clients who make these "hard money" loans secured by real estate mortgages.The...
Deferring Income Tax on Sale of Investment Real Property
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 6, 2017 | Firm News
If you are selling appreciated business on an investment/real property, IRC Section 1031 allows you to postpone paying income tax on the gain if you reinvest the proceeds in similar property.Section 1031 exchanges are generally available to individuals, corporations,...
Recovering Expenses in Probate Cases
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 3, 2017 | Firm News
It is quite common for a person named as a personal representative in a probate estate to incur certain costs and expenses related to the decedent and the decedent's estate prior to being officially appointed as the personal representative of the estate. Such costs...
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