VIDEO: Passing the Keys: Protecting & Transferring Rental Property to the Next Generation

Posted By: Phil Sherkerlian

Meeting Summary: Passing the Keys — Protecting and Transferring Rental Property

  • Presenter: Phil Shekerlian (BarthCalderon LLP)

  • Focus: Estate planning and asset protection for rental housing owners.

  • Key points: avoid probate with properly funded trusts; prefer LLCs for holding rentals over C- or S-corps due to tax and liability issues; review insurance for exclusions; coordinate planning for Prop 19 effects, potential capital gains, family-limited partnerships, and gifting.

  • Takeaway: landlords need a coordinated plan, not just a simple will, to reduce probate delays, lawsuits, and tax exposure.

Next steps