On Thursday, Feb. 21, CSULB and co-sponsor Bank of the West will host a seminar titled “Real Estate Exit Strategies” at Old Ranch Country Club, located at 3901 Lampson Ave. in Seal Beach. Check-in begins at 11:30 a.m. with the program at noon.
Presented by the Office of Estate and Gift Planning, the seminar has a registration fee of $25 that includes lunch as well as a talk given by Carol P. Schaner, a partner in the Newport Beach office of Gordon & Rees LLP which specializes in taxation, estate planning, nonprofit organizations and charitable giving.
Schaner is a Certified Taxation Specialist, LL.M., J.D., CPA and has written, lectured and advised individuals, executives, entrepreneurs and philanthropists for more than 25 years. She received a bachelor’s degree from Cornell University and a J.D. and Master of Laws of Taxation (LL.M., Cum Laude) from University of San Diego School of Law. In addition, Schaner is an adjunct faculty member at Chapman University School of Law, teaching courses on federal estate and gift taxation and nonprofit organizations.
Her presentation will cover how to exit the 1031 exchange cycle using philanthropy, and the seminar will focus on the many ways to make gifts of real estate, with each option affording many attractive benefits. Some of the options permit you to live in the property for your lifetime while providing an income and charitable income tax deduction.
Depending on the option, some of the benefits enable an individual to:
- Earn an income for life
- Produce a substantial charitable income tax deduction
- Reduce capital gains taxes
- Avoid probate costs
- Save estate taxes
- Avoid the burden of upkeep, property taxes, and insurance
- Receive a lump-sum payment, an income and a charitable income tax deduction
- Use the gift to establish a scholarship or endowed fund
The seminar is designed for individuals who own two or more properties and are avoiding selling because of capital gains and loss of the rental income, as well as certified public accountants, attorneys, certified financial planners and real estate brokers to inform them about how to gift real estate. In addition, the seminar provides professionals who attend continuing education units.
Registration can be done by calling Noemi Guevara at 562/985-1662 or online at the planned giving Web site.
CSULB’s Office of Estate and Gift Planning will provide a personalized financial analysis that shows you how a gift of real estate can benefit both you and the university. If you would like to learn more about how your donation of real estate can benefit you and CSULB, please contact the Office of Estate and Gift Planning at 562/985-5489, by e-mailing firstname.lastname@example.org or visit its Web site.