Your business requires unique estate planning considerations. 

  • As a real estate developer, you may be in a favorable income tax position.
  • Strategies that reduce death-related taxes and estate administration costs are important to explore.
  • Planning for the ultimate continuation or sale of your business is equally important.

As a real estate developer, you may be in a favorable income tax position because of the nature of your business and the assets you employ in that business. Assets such as depreciable buildings, depreciable construction machinery and equipment, as well as other business assets may provide income tax deductions that effectively shelter much of your income. These income tax benefits may be realized by you as a sole proprietor of your development business or as owner of various “pass through” entities, such as partnerships or limited liability companies which hold your real estate development assets.

Please see important disclosures at the end of the article.

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