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Latest Blog Posts

• Reverse Exchange Activity Has Increased Considerably
  on Feb 7, 2014
  What Is A Reverse 1031 Exchange? Most real property investors are familiar with a regular Forward 1031 Exchange whereby an investor sells his or her current rental or investment property and then exchanges into another property in order to defer the...
• State of California Puts Claw in California Claw Back Law
  on Dec 31, 2013
  Sale of Real Estate Triggers TaxWhen a taxpayer and/or investor sells real property the sale generally triggers a capital gain tax (or loss), and if it is rental, investment or business use real estate, it may also trigger depreciation recapture tax.
• Leasehold Interest of Less Than 30 Years Not Like-Kind to Fee Simple Interest
  on Sep 7, 2013 in 1031 Exchange Income Tax Issues 11031 exchange lease interest lease hold leasehold interest like-kind exchange tax-deferred exchanges
  Taxpayer Owns Leasehold Interest and Motel The taxpayer in this Tax Court Case (VIP's Industries, Inc., June 24, 2013) owned a leasehold interest that had a remaining term of twenty-ond (21) years and four (4) months.  The taxpayer had also con...
• Delaware Statutory Trusts or DSTs Are The New Investment Rave
  on Feb 12, 2013 in Uncategorized
  Delaware Statutory Trusts A Delaware Statutory Trust, or DST as they are often called, is a separate legal entity created essentially like a business trust under the state of Delaware statutes. Qualifies for 1031 Exchange Treatment The purchase or...
• BREAKING NEWS: Brent Bonine Joins Exeter 1031 Exchange Services, LLC
  on Feb 12, 2013 in Uncategorized
  Brent Bonine Joins The Exeter Group of Companies William L. Exeter announced today that Brent Bonine has joined The Exeter Group of Companies, which includes Exeter 1031 Exchange Services, LLC, Exeter Fiduciary Services, LLC and Exeter IRA Services...
• Time to Update Your Retirement and Estate Plan!
  on Feb 12, 2013 in Uncategorized
  Guilty As Charged! Are you guilty?  You know who you are.  Come on, admit it.  I’m guilty – I admit it.  Those of us who actually take the time and commit the resources to putting our retirement and estate affairs in order, including...
• 2012 Inspiration Awards Ceremony Announced
  on Feb 12, 2013 in Uncategorized
• It’s Your Move
  on Feb 12, 2013 in Uncategorized
  I read the following advice this morning in an email I received from personal coach, Kit Grant. I think it is what separates real leaders at every level from all others. “If a man is to move the world, he must first move himself.”  … S...
• Inspiration Awards Ceremony to be Held October 26, 2011
  on Feb 12, 2013 in Uncategorized
  The Center for Wealth & Legacy announced that its next semi-annual Inspiration Awards™ will be held on October 26, 2011.  Click here to read the news release.
• Money Management for Teenagers!
  on Feb 12, 2013 in Uncategorized
  Finally, a money management and budgeting class for teenagers! This is truly an educational financial managmenet program whose time has come.  I’ve seen way too many young adults, as well as mature adults, who really have absolutely no clu...
• Happy Valentines Day
  on Feb 12, 2013 in Uncategorized
  The team at The Center for Wealth & Legacy would like to wish each of you a very Happy Valentines Day.
• San Diego Food Bank Event Provides Perspective
  on Feb 12, 2013 in Uncategorized
  On June 23, 2010 the Center for Wealth & Legacy organized it’s annual trip to the San Diego Food Bank to provide an opportunity to give back to those in need in our communities.  We often go about our busy lives and don’t realize that many p...
• Federal Reserve is Winding Financial Bailout/Rescue Package Down
  on Feb 12, 2013 in Uncategorized
  Today, just two (2) years after a financial meltdown threatened the United States and the world, with the collapse of Bear Stearns and Lehman Bros., and Fannie Mae and Freddie Mac heading down under as well…The Federal Reserve’s financial res...
• When Investment Choice Matters; Not all Self Directed IRA’s Are Equal
  on Feb 12, 2013 in Uncategorized
  As a real estate investor today, a Self-Directed IRA can be a good choice if you start with the end in mind.  Begin by deciding what type of assets you wish to invest in and then select a Self-Directed IRA Trustee or Custodian that will permit those...
• Perspectives From Goldman Sachs Global Investment Research
  on Feb 12, 2013 in Uncategorized
  Labor The May jobs report failed to continue momentum from strong April results. As seen in past reports, the decline in the unemployment rate from 9.9% to 9.7% was largely driven by discouraged workers exiting the labor force, while the miniscule 21...
• 1031 Exchanges: Welcome Back!
  on Jan 7, 2013 in 1031 Exchange General Information 1031 Exchange Income Tax Issues 1031 exchanges Demographic Trends Economic Forecasts like kind exchanges starker exchanges tax increases tax rates tax-deferred exchanges
  For real estate investors located in high tax rate states, such as California, the 1031 Exchange just moved to the top of their to-do list.  There were some very significant changes made to Federal and state tax codes, and a California real...
• 1031 Exchanges: Welcome Back!
  on Jan 7, 2013 in 1031 Exchange General Information 1031 Exchange Income Tax Issues 1031 exchanges Demographic Trends Economic Forecasts like kind exchanges starker exchanges tax increases tax rates tax-deferred exchanges
  For real estate investors located in high tax rate states, such as California, the 1031 Exchange just moved to the top of their to-do list.  There were some very significant changes made to Federal and state tax codes, and a California r...
• Gift Limit Increased by IRS for 2013
  on Oct 18, 2012
  Taxpayers are allowed to "gift" real estate, personal property and/or money to other individuals without having to pay any kind of corresponding taxes because of the gift provided the taxpayer follows certain gift limitations set forth by the Interna...
• Tax Benefits of a 1031 Exchange Should Not Overshadow Financial Benefits
  on Oct 15, 2012
  Real estate investors frequently jump into acquisitions of replacement real property as part of their 1031 Exchange transaction, and that may not be well suited for their investment goals and objectives.  The rush into these investments is cer...
• BREAKING NEWS: Brent Bonine Joins Exeter 1031 Exchange Services, LLC
  on Sep 14, 2012 in 1031 exchange Other Information bonine brent bonine
  Brent Bonine Joins The Exeter Group of Companies William L. Exeter announced today that Brent Bonine has joined The Exeter Group of Companies, which includes Exeter 1031 Exchange Services, LLC, Exeter Fiduciary Services, LLC and Exeter IRA Services,...