Will Flannigan

Real estate agent at Equity Union serving Greater LA- Burbank Rancho, Glendale, Hollywood Hills, Pasadena, Trust & Probate Specialist.

[Will Flannigan @FlanniganWill]

When discussing estate planning, reactions vary. Some prioritize charity, others see an opportunity to 'stick it to the government' with significant tax savings. #EstatePlanning #TaxSavings

[Will Flannigan @FlanniganWill]

Selling appreciated raw land without a massive tax bite? A charitable remainder trust, a strategy since 1969, offers powerful economics. It's the best-kept secret hiding in plain sight for the right situation. #TaxStrategy #RealEstate

[Will Flannigan @FlanniganWill]

Landlords sometimes face tenants who refuse to move, even with significant offers. This can happen when tenants are comfortable and have no desire to relocate, regardless of financial incentives. #RealEstate #LandlordLife

[Will Flannigan @FlanniganWill]

Charitable remainder trusts offer a dual benefit: income for life and a charitable contribution deduction today. While the charity waits, you get a deduction for the present value of the remainder interest, which can be substantial. #CharityTrusts #TaxDeduction

[Will Flannigan @FlanniganWill]

Navigating landlord-tenant issues during COVID was tough. #LandlordTips #RealEstate #Tenant

[Will Flannigan @FlanniganWill]

Over time, consistently paying out less than you earn means excess funds grow your principal. This not only increases your principal but also your payout each year. This growing payout acts as a hedge against inflation. #Investing #FinanceTips

[Will Flannigan @FlanniganWill]

Landlord buyouts can skyrocket unexpectedly, especially with rent control deeming tenants low-income. What seems like a $30k allocation can turn into $100k per unit. Navigating this requires expertise; attempting it alone risks costly court battles. #LandlordTips #RealEstate

[Will Flannigan @FlanniganWill]

How do companies handle thousands of individual loss negotiations after a disaster? It's not a single event. Each homeowner's loss is unique, like an origami artist losing irreplaceable work vs. a regular homeowner. #DisasterRecovery #HomeownerAssistance

[Will Flannigan @FlanniganWill]

Don't know which charity to support? Consider a donor-advised fund. It lets your kids choose beneficiaries, ensuring your legacy aligns with their values as causes evolve. #Philanthropy #Generosity #LegacyPlanning

[Will Flannigan @FlanniganWill]

Thinking of removing a tenant? Don't DIY. You could face hefty fines, legal fees, and property damage. Consult a professional to understand tenant rights and the legal process. It's a cost of doing business that saves money long-term. #RealEstateTips #LandlordLife

[Will Flannigan @FlanniganWill]

Property damage from wildfires is complex. Unlike class actions, each home's unique rebuild cost is considered. Choosing to rebuild vs. selling the lot significantly impacts settlement value. #WildfireRecovery #LegalTips

[Will Flannigan @FlanniganWill]

A construction contractor faced $8M in taxable income with minimal charity. A $12M charitable remainder trust was established using a liquidated corporation, turning $12M cash into a tax-free exit. #TaxStrategy #CharitableGiving #Business

[Will Flannigan @FlanniganWill]

Think you can buy a condo and move in? Think again! Rent control and 'just cause' eviction rules protect long-term, older tenants, even in single-family homes and condos. You might be stuck with them, even if you plan to occupy. #RealEstate #RentControl #TenantRights

[Will Flannigan @FlanniganWill]

The true value of a damaged property hinges on intent. Without a genuine plan to rebuild, damages are calculated as loss in value. With intent, it's the cost of full replacement, often a significantly higher figure. #RealEstate #Insurance #Damages

[Will Flannigan @FlanniganWill]

Selling in a taxable manner means giving millions to the government. It's a charity of their choice, not yours. A donor-advised fund offers a better way to direct your legacy. #TaxStrategy #EstatePlanning #Charity

[Will Flannigan @FlanniganWill]

Trying to evict tenants yourself can cost you thousands in lost rent, legal fees, and repairs. One person lost $180k in legal fees and a year and a half of rent, only to have to pay the tenant to leave and then pay for damages. #LandlordTips #PropertyManagement

[Will Flannigan @FlanniganWill]

A devastating fire, resulting in thousands of structures lost and nearly 20 deaths, is being linked to a failure to maintain equipment. #Wildfire #SCE #Litigation

[Will Flannigan @FlanniganWill]

Unlock financial flexibility with a 'spigot trust.' Control when you access funds, allowing assets to grow tax-free until you need them. Open or close the flow year-to-year, managing income and taxes strategically. #FinancialPlanning #Trusts #TaxStrategy

[Will Flannigan @FlanniganWill]

Highest buyout? $130,000. It was for a rent-controlled unit in L.A., where redevelopment relocation costs skyrocket to $80k-$110k per unit. That's the price of progress. #LARealEstate #Development #RentControl