Challenges in Estate Planning with Investment Real Estate.

This article provides information on the challenges of estate planning for families involved in the investment real estate business. It emphasizes the importance of maintaining family harmony and ensuring that all children, regardless of their involvement in the business, retain a stake in the income-producing asset. The article discusses various strategies for addressing these challenges, including resolving sibling conflicts, tailoring succession plans, and implementing buy-out provisions. It also explores different estate planning techniques such as gifting to an irrevocable trust, utilizing grantor trusts, and considering estate and gift tax considerations. The article highlights the use of Code Section 6166 for estate tax deferral and discusses the concept of a freeze partnership and the use of a joint revocable trust for planning with low basis real estate. It emphasizes the importance of considering lending implications and financial interplay between different properties in estate planning for real estate investors. [Extracted from the article]