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Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Not yet, will look into this.

Apr 18, 2019 07:25 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have not. In fact, in over two decades I've not ever even had capital gains come into play.

Apr 18, 2019 06:05 PM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

I have not and I don;t know if my clients have done such

Apr 19, 2019 07:00 AM
Ambassador
5,230,113
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I have an CPA client who facilitates these but, he would have to explain the pros and cons.

Apr 18, 2019 08:01 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No. 

Apr 19, 2019 01:47 PM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

No idea.

Apr 19, 2019 11:53 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michelle,

I think your best bet is consult a CPA and a tax attorney.  A

Apr 19, 2019 06:56 AM
Rainmaker
469,510
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

No, never have used a CRT or been involved with one. Not exactly sure what one even is - sounds like proceeds of a sale go to a charity - thus avoiding being considered income or something along those lines. If I ever have a client looking to sell something to contribute to some cause or organization I will check into it at that time.

Apr 19, 2019 06:46 AM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I have not Michelle Carr-Crowe Just Call 408-252-8900 Top 1%! . I worked with very few investors with the exception on builders and developers. None of which used a CRT.

Apr 19, 2019 06:02 AM
Rainmaker
7,836,169
Roy Kelley
Retired - Gaithersburg, MD

Nope.

Apr 19, 2019 03:48 AM
Rainmaker
5,216,409
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never used one!

Apr 19, 2019 03:40 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have not; however, sounds interesting.

Apr 19, 2019 02:50 AM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I'm interested !

Apr 18, 2019 08:54 PM
Rainmaker
2,220,654
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Michelle. 

Apr 19, 2019 03:10 PM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

No, not in 20 years. And given I've had no experience in this; it's not a question I or any REALTOR who hasn't should answer. It's advice that exceeds our license, unless you're telling astory about how a client of yours did it.

Apr 19, 2019 01:05 PM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

A competent CPA will be a better person. A tax lawyer is even better.

Me pay tax.

Apr 19, 2019 09:38 AM
Rainmaker
4,936,705
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

All good question but do not know anything about it.

 

Apr 19, 2019 09:33 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nope.

Apr 19, 2019 09:04 AM
Rainmaker
5,868,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lots of questions, but all for a CPA.

May 03, 2019 02:40 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

My alma mater has suggested that I use a CRT. I can't imagine why they think I need such a device. My estate is not so large that there will be much left over after I spend my way through retirement and take care of my loved ones with bequests.

Apr 24, 2019 02:44 PM
Rainer
2,290
pmi kota
SNMPWalk - Sydney, AU
I live in Australia precisely in the city of Sydne

I have been accused of being greedy because I parked my dollar donated in an advisory fund before removing it; I can't imagine what people who don't know if I use a CRT!

The IQ calculator maker offers to compare and differentiate both, and it shows one way in which both can be used together to eliminate one of the disadvantages of a CRT.

Best Regard

SNMPWalk Download

Apr 21, 2019 12:29 AM
Rainer
2,390
fadhil adil
Synology - Sydney, AU
I live in Australia precisely in the city of Sydne

Other vehicles that can achieve the same thing in different ways are residual charity trusts (CRTs). I know a little about them but haven't explored this concept in detail.

I have been accused of being greedy because I parked my dollar donated in an advisory fund before removing it; I can't imagine what people who don't know if I use a CRT!

The IQ calculator maker offers to compare and differentiate both, and it shows one way in which both can be used together to eliminate one of the disadvantages of a CRT.

Best Regard

Synology Cloud Station

SNMPWalk Download

 

Apr 20, 2019 11:55 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I refer my clients to a trusted attorney well versed in these matters. 

Apr 20, 2019 09:10 AM
Ambassador
2,670,013
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks all. I've read of people using this strategy. I hoped someone else here had done it and could share some helpful info.

Apr 19, 2019 11:50 PM
Rainer
344,603
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 570-801-5525

For trusts you'll want to also speak with a trust or estate planning attorney.

Apr 19, 2019 11:45 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no, I have not....

Apr 19, 2019 01:42 PM