Hidden taxes and earnings from testamentary investments

 

To make money in real estate, you need an advantage over your competition. So why not just delete them? Now, I would not say that you have to go out and create a group of successes that hit all your competition. What I mean is that you have to play real estate the same way I would like my favorite team to play football: move to another arena. What I mean is that you have to go to hide and seek where no one else is looking to find the hidden treasures. This is where legalization comes in. I will never forget when my partner and I filmed our DVD for our course, The Hidden Treasures and Profits of Probate, in the Probate Court. Jimmy asked me how much competition there was in court. While the camera looked around the room, there was no one else in the entire office except the two ladies who worked there. How many people do you think were out of foreclosure? The answer is hundreds.

 

First, let me explain some things about heritage. One statistic that may surprise you is the following: 100% of Americans die. That's right, according to the Centers for Disease Control, about 2.5 million people will die each year. Now there is what happens to these statistics. 70% of these people die unwillingly. More importantly, whether you have a will or not, your property will pass one after the other. The only way to avoid succession is to have your assets in one unit. But ask yourself this collin county probate fees. If so few people have a will, how many people do you think will put their assets in a unit? To give you an idea of ​​how big it is, of all the cases that come into the justice system, 24% will be inheritance cases. In Seattle, WA in 2003, there were more than 6,000 succession cases. In Ft Worth, Texas, there were about 3,500 in 2006. Many of these cases involved real estate. This is where you come in. Most people do not want to work in this market because they think it is morbid. It's not morbid. The traits I have worked with have been some of the most valued people I have worked with. I will never forget the lady who thanked me for buying her mother's house for 50 cents a day. Dollar.

 

So why do all these properties go through the order? The government demands it for some reasons. First, the state wants to make sure that the assets are divided according to the will. And if there was no will, then the state will provide it. Most states have inheritance laws that say which relatives receive what percentage of the estate. The second reason why the law requires events to be proven is to inform creditors that they may have an interest in the estate to know that the person died and the creditors must make a statement to receive payment of the estate's assets. The last reason the law requires proof of wealth is because the taxman wants to be paid. It has been said that the only two certainties in life are death and taxes. In order, both apply. Not long ago, the federal government made some inheritance tax changes that prevent most people from collecting taxes. But local authorities still want property taxes or property taxes to be paid. By forcing real estate to enter the inheritance courts, the government is ensuring its fair share.

 

Your challenge is to find some deals in order. From the above facts you can see that there can be a lot of motivation in people who handle a number one after the other. By far, the easiest way to find deals is to send a bit of marketing to real estate lawyers. There are better and faster ways, but my partner and I had to write a complete manual to explain these techniques. I just can't fit everyone here in this confined space. But if you know that most people will not try to legalize a property on their own and seek the services of a lawyer to help them, you can, of course, shorten the entire process by sending letters or brochures to your local real estate lawyers. In some states, you may even get pre-printed labels for inheritance lawyers from your state bar association. That way, half of your work is already done. Now just present a good letter to send them.