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PRESS RELEASE: Lanahan & Reilley LLP joins Estate Planning Team to Offer Clients Deferred Sales Trust
Date: 9/22/2009
Contact: Robert Anderson, Partner
Santa Rosa, CA – Lanahan & Reilley, LLP, a leading law firm located in Santa Rosa with offices on Montgomery Street in San Francisco, recently joined the Estate Planning Team as a Deferred Sales Trust™ (DST) licensee, announced Robert Binkele, CEO of the Estate Planning Team. The DST, marketed exclusively by members of the Estate Planning Team network, enables clients to defer capital gains when highly appreciated assets are sold without tying up assets in a 1031 Exchange. The IRS has issued a Private Letter Ruling that supports the structure of the Deferred Sales Trust™.
“Having a tax code compliant strategy that offers both liquidity and capital gains tax deferral is of great benefit to our high net worth clients,” said Robert Anderson, Partner, Lanahan & Reilley, which last year was named “Best Law Firm for 2008: by readers of the North Bay business magazine. “We look forward to communicating the advantages of the Deferred Sales Trust™ to clients seeking an alternative to a 1031 Exchange.”
With a Deferred Sales Trust™, buyer and seller are linked to a third party trustee. Title conveys upon closing; funds are then deposited in a trust account.
“The Deferred Sales Trust™ therefore not only provides liquidity,” Binkele explained, “it offers sellers the ability to reinvest their money in ways to diversify outside of real estate. That’s not an option in a 1031 Exchange. This is extremely important to baby boomers getting ready to retire and looking for ways to maximize their retirement income.”
Because of the capital gains deferral, a seller can afford to drop the price of an appreciated business or real estate investment. In addition to expediting the sale, the seller can re-invest in another asset by using the DST note as collateral.
The Deferred Sales Trust™, www.mydstplan.com, is exclusively marketed by the Estate Planning Team, a professional based membership organization which has grown to service over 2700 securities advisors, CPAs, attorneys, insurance professionals, QI’s, mortgage lenders, banks, title and real estate professionals. The group offers proven tax strategies, estate and pension planning, and asset protection. For more information, visit www.myept.com.
Lanahan & Reilley, located on the North Coast of California, is a leading law firm located in Santa Rosa, the County Seat of Sonoma County and the largest business center on the North Coast. The firm represents a dynamic and growing clientele in regional, national and international markets and serves major world-wide corporations, medium and small businesses and individuals.
FOR MORE INFORMATION CONTACT:
Estate Planning Team
Kari Smith, 866-779-5339
info@myept.com
www.myept.com
Call 866-779-5339 to register for a free webinar on the Deferred Sales Trust™
www.mydstplan.com
Robert Anderson, Partner
Lanahan & Reilley
(707) 524-4282
www.lanahan.com
www.mydstplan.com/LRLLP
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