What happens when you sell highly appreciated real estate? Should you use a 1031 exchange, pay the capital gains tax, or consider another strategy such as a Deferred Sales Trust?

In this episode of the Newport Mastermind Collective, Richard Riva, Dat Nguyen, and Greg Reese discuss capital gains taxes, Deferred Sales Trusts, 1031 exchanges, estate planning, living trusts, probate, and step-up in basis.

Richard Riva, founder of Wealth Management Solutions, brings the wealth management and financial planning perspective.

Dat Nguyen, Certified Mortgage Advisor and founder of Everyday Lending Group, discusses how these strategies intersect with real estate, mortgage financing, refinancing, and the conversations homeowners and real estate investors are having today.

Greg Reese of AmeriEstate & Reef Point, shares his estate planning expertise and explains strategies designed to help property owners preserve and transfer wealth more efficiently.

In this episode, we discuss:

• Capital gains taxes when selling appreciated real estate
• How a 1031 exchange works
• What a Deferred Sales Trust is and how it differs from a 1031 exchange
• Using a Deferred Sales Trust as a potential backup to a failed 1031 exchange
• Revocable living trusts and estate planning
• How probate works in California
• Why properly funding a living trust matters
• Step-up in basis for inherited real estate and other appreciated assets
• Estate planning considerations for homeowners and families
• How mortgage, tax, estate planning, and wealth management professionals can work together as an advisory team

If you own real estate, investment property, a business, or other appreciated assets, understanding your options before selling or transferring those assets can make a significant difference.

Featured in this episode:

Richard Riva
Wealth Management Solutions
Newport Mastermind Collective

Greg Reese
AmeriEstate
Estate Planning & Wealth Preservation

Dat Nguyen
Certified Mortgage Advisor
Founder, Everyday Lending Group
NMLS #1379110
Mortgage & Real Estate Finance

Newport Mastermind Collective brings together professionals across wealth management, mortgage, real estate, estate planning, tax strategy, and related fields to discuss strategies for building, protecting, and transferring wealth.

This content is for educational purposes only and should not be considered individualized tax, legal, investment, or financial advice. Consult the appropriate professional regarding your individual circumstances.

Learn more at https://newportmastermindcollective.org

Richard Riva is a wealth advisor with Wealth Management Solutions and can be found at www.wms-llc.com.

Connect with Dat Nguyen at dat@elendingteam.com