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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Vesting Posted by Alfred - Trainee on January 11, 2004 at 12:03 AM Hi Ward, Would like to run something by you if I may. I have an offer in to buy a large 12.5 acre parcel that has 7 house sites on it. It is a gated community with some of the infrastructure already in place (underground electric, water and a main road). My plan would be to sell off 5 of the lots to pay off the note and then have 2 house sites free and clear for me to either sell, or build houses on and sell. If my offer is accepted I'll have to act fast to create an entity to take ownership (I don't want to take possession of this in my own name). I know that I could create a title holding trust for this and that would give me anonymity but I need protection and tax advantage. What would be the simplest and fastest entity that I could set up for vesting, which would handle my two biggest concerns: 1. Limiting my liability and protecting myself as much as possible. 2. Paying out the least amount of taxes possible -- because I'll have major capital gains tax to pay when I sell the 2 lots (125K each = 250K) or build and sell. Thanks for your time, Alfred Follow Ups: Re: Vesting Lughead 9:37 PM, 01/12/04 (0) Best vesting choice... Ward-CA- 11:18 AM, 01/12/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : Would like to run something by you if I may. I have an offer in to buy a large 12.5 acre parcel that has 7 house sites on it. It is a gated community with some of the infrastructure already in place (underground electric, water and a main road). My plan would be to sell off 5 of the lots to pay off the note and then have 2 house sites free and clear for me to either sell, or build houses on and sell. : If my offer is accepted I'll have to act fast to create an entity to take ownership (I don't want to take possession of this in my own name). I know that I could create a title holding trust for this and that would give me anonymity but I need protection and tax advantage. What would be the simplest and fastest entity that I could set up for vesting, which would handle my two biggest concerns: : 1. : Limiting my liability and protecting myself as much as possible. : 2. : Paying out the least amount of taxes possible -- because I'll have major capital gains tax to pay when I sell the 2 lots (125K each = 250K) or build and sell. : Thanks for your time, : Alfred Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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