I have to admit, it was a new term to me when I first heard it!
And when it was explained to me, I thought it was a little morbid. But in the end, it makes perfect sense and involves using a completely legal form of investing that has been around since the 1920's.
Most of us have heard of using 1031 exchanges for selling and purchasing real estate investment property. Well, www.memphisinvest.com is going to interview one of the absolute experts in using 1031 Exchanges for investing in Memphis real estate. We have looked long and hard for the right company to host a webinar with and we were lucky enough to meet William Exeter, CEO of Exeter 1031 Exchange Services, LLC headquartered out of San Diego, CA.
Bill spent some time with Memphis Invest discussing the investment techniques that he has studied and improved upon over the last 20 years. In explaining how a 1031 is used in the purchase of Memphis investment property, Bill also helped clear up questions about timing, set-up, legalities and what the future may hold for this wealth preservation strategy. Having purchased many Memphis investment properties myself, I was unclear of how a 1031 Exchange would work.
That was when Bill pulled out his nifty little phrase that has rattled in my head ever since. The equity from a 1031 Exchange property becomes non-taxable at death. If you are working with an experienced 1031 Exchange company, they can assist you with positioning your 1031 Exchange to fund your trust at death and you can continuously purchase investment property always investing the equity until at death all of that property passes untaxed to your heirs.
I may not have explained it as detailed or as eloquently as Bill, but when I heard it, I knew that I would be employing this strategy as soon as I start to sell my Memphis investment properties. It has nothing to do with saving taxes and everything to do with preserving wealth!
Join us next Tuesday, September 1st at 8:00PM Central Time if you are interested in hearing the full interview with Bill. It's Free and going to packed with Content - not Fluff!
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/420438002
See you then,
Chris
