Our guest today has a deferment strategy when it comes to capital gains tax. He quips hundreds of business professionals with the Deferred Sales Trust tool to help his high net worth clients solve capital gains tax deferral limitations.
Brett Swarts—CEO of Capital Gains Tax Solutions, is here to tell us how the Deferred Sales Trust works. His experience includes numerous deferred sales trusts, Delaware’s statutory trusts, 1031 exchanges and $85 million in closed commercial real estate brokerage transactions.
“We insert this trust right before the close of escrow, which gives so many more benefits than traditional installment sale and solves so many more challenges that people are faced with when they’re looking at 1031 exchange.”
Join us as we discuss in detail:
- The benefits of a Deferred Sales Trust
- Buying real estate through the trust versus a 1031 exchange
- Who this is for and who it is not for
And, how do we know if it’s legal?
Listen in now as Brett dives deep into the legalities and so much more in this week’s episode of The Art Of Passive Income!
TIP OF THE WEEK
Mark: Learn more about Brett at CapitalGainsTaxSolutions.com and start looking at this very creative, very sophisticated strategy to defer your capital gains and really transfer wealth.
Scott: Check out Deprocrastination.co— a Chrome plugin to block distracting websites.
Brett: Check out the book, Crucial Conversations:Tools for Talking When Stakes Are High. It talks about how to make a conversation safe and use contrasting to slowly state your story in a way that is going to open up dialogue versus closing people down.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?