
By Seth O’Loughlin
In addition to the normal buying and selling of property, real property is routinely transferred for estate planning, tax planning, financing, divorce, and more. What may be viewed from the owner’s perspective as a simple transfer from an individual to an LLC wholly owned by that individual to create a liability shield can, however, have substantial property tax implications that must be taken into account. Property taxes matter because they are often the largest fixed expense for a property owner.
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