tag:blogger.com,1999:blog-2278024071272076339.post4931663236355810328..comments2023-09-29T07:00:00.254-06:00Comments on Canadians With US Property: Estate Planning & LLPscewusp@gmail.comhttp://www.blogger.com/profile/15813174440283749817noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2278024071272076339.post-83705031999682196692013-02-04T11:42:29.492-07:002013-02-04T11:42:29.492-07:00I'm also interested in the best option. I wan...I'm also interested in the best option. I want to buy one rental property soon to test whether it's worth it and to make a template for future purchases. 5-7K for the CBT is a lot of cake for only one, or a handful of properties, especially if the ongoing annual accounting is more expensive than owning it privately or in an LLP.Fifty Yard Fist Fighthttps://www.blogger.com/profile/10630242086941416465noreply@blogger.comtag:blogger.com,1999:blog-2278024071272076339.post-28607744219625199082012-12-02T07:58:42.634-07:002012-12-02T07:58:42.634-07:00Some very good points here... I am investigating w...Some very good points here... I am investigating which option is best. However, I am confused between the options of Cross Border Trust (which is irrevocable) vs Florida Land Trust (which is revocable), and the tax implications of each vs the cost to set them up. Any comments are appreciated.JerrieFLAhttps://www.blogger.com/profile/08200752348922957396noreply@blogger.comtag:blogger.com,1999:blog-2278024071272076339.post-78853399523063712142011-12-26T06:13:50.003-07:002011-12-26T06:13:50.003-07:00The capital point is that owning US acreage alone ...The capital point is that owning US acreage alone or in an LLP leaves you accessible to acreage taxes that can be expensive.<br /><br /><a href="http://www.cedarmanagementgroup.com" rel="nofollow">Association Management Charlotte</a>Dylanarmanhttps://www.blogger.com/profile/17609047067578272093noreply@blogger.comtag:blogger.com,1999:blog-2278024071272076339.post-74297454226580234132011-12-10T18:06:05.013-07:002011-12-10T18:06:05.013-07:00Have you looked at using a land trust (sometimes r...Have you looked at using a land trust (sometimes referred to as an Illinois Land Trust or Florida Land Trust) to hold title? It seems to take care of the probate/estate issue. I'm still researching the cross border issues.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2278024071272076339.post-90867530360559630952011-11-22T04:46:48.230-07:002011-11-22T04:46:48.230-07:00Really useful post!
By
cutca.comReally useful post!<br /><br />By<br />cutca.comcutcahttp://www.cutca.comnoreply@blogger.comtag:blogger.com,1999:blog-2278024071272076339.post-62996878092984136492011-11-07T20:20:52.075-07:002011-11-07T20:20:52.075-07:00OK, that's pretty much what I had guessed...an...OK, that's pretty much what I had guessed...an expensive option.<br /><br />Not sure about the Canadian Partnership idea. I originally looked into Canadian partnerships and as I recall...at least at that time...Partnerships in Alberta were only for "Professional Partnerships". I.e. Doctors, Lawyers etc. Not for holding real estate or other partnerships. It may be different by province though.cewusp@gmail.comhttps://www.blogger.com/profile/15813174440283749817noreply@blogger.comtag:blogger.com,1999:blog-2278024071272076339.post-39942830775295766422011-11-06T15:57:41.632-07:002011-11-06T15:57:41.632-07:00The CBT is sort of a "proprietary" produ...The CBT is sort of a "proprietary" product that Altra Law sells. As a result, I understand it is pretty expensive to set-up, and makes sense only for assets over a certain threshold value.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2278024071272076339.post-10494426495409196182011-11-06T00:48:39.867-06:002011-11-06T00:48:39.867-06:00Trusts are expensive to set up (I've heard fro...Trusts are expensive to set up (I've heard from that author $5-7K), you can avoid probate and estate tax, i believe, by having a Canadian partnership own the limited partnership interest (a 2-tier partnership).Anonymousnoreply@blogger.com