A 1031 exchange is a tax break. You can sell a property held for business or investment purposes and swap it for a new one that you purchase for the same purpose, allowing you to defer capital gains tax on the sale.
Nicole has a partnership with a respected, local 1031 exchange company who can help you through your sale and new purchase!!
Trust property is any real estate property that falls under a trust: a legal document, similar to a will, that dictates what will happen to assets and properties after the death of their owner. Trusts name two distinct legal parties that are important to the trust real estate brokerage process: the trustee, who is in charge of the trust; and the beneficiary, who receives the stated asset or property. In order to successfully buy or sell trust property, it’s critical that the trustee and the beneficiary receiving cooperate on the sale.
The process of selling trust real estate is similar to a normal real estate sale, but with a few added steps and complexities.
Nicole has helped several Buyers and Sellers with acquiring into and selling out of their trust.
When an individual passes away without a Trust, their property and assets will have to pass through probate before it can be distributed to their beneficiaries. There are some instances when the probate court determines that probate property must be sold, such as when the estate must pay back debt.
If you need a Probate Attorney in San Jose or surrounding areas to help with an estate, Nicole can help refer one to you!
If you are looking for a REALTOR to help you with a property that is in probate, Nicole can help!