National expert unveils improved capital gains tax deferral alternative to now defunct Private Annuity Trust
February 05, 2007 (PRLEAP.COM) Business News
West Linn, Oregon [date] – As of October 18, 2006 the popular capital gains tax deferral tool the Private Annuity Trust (PAT) has been deemed obsolete by changes in tax regulations. The Private Annuity Trust was used by sellers of appreciated assets such as real estate and businesses to defer and reduce capital gains tax liability; however, with the recent tax changes sellers are forced to look to new alternatives. According to national structured sale annuity expert Jack Meligan of Settlement Professionals Inc, “the PAT [private annuity trust] has been replaced and drastically improved upon by the new Structured Sale annuity [a.k.a. Ensured Installment Sale], which provides sellers much more safety, security, benefits, and at no cost”.
The new Structured Sale offers sellers of appreciated assets such as real estate and businesses a very effective way to defer and reduce capital gains tax and receive a guaranteed stream of income and is fully customizable by the seller. Mr. Meligan states, “The Structured Sale is truly a huge improvement on the PAT and is growing in popularity with more and more sellers looking to retire or exit the business and real estate markets”.
For those who don’t know, both the PAT and Structured Sale are annuity products that at backed by Fortune 100 corporations and allow sellers to achieve tax benefits and collect a stream of income for any time period they choose. However, the Structured Sale when structured correctly offers the seller much more benefits and can applied in many more situations.
Mr. Meligan states, “The Structured Sale is not for everyone; however, it is extremely effective for a large percentage of sellers of real estate and businesses. It’s worth learning about because it could be the difference of a seller forking over $500,000 in capital gains this year versus a whole lot more”.
Settlement Professionals Inc. has released a new manual that is aimed at helping sellers learn about the Structured Sale (a.k.a. Ensured Installment Sale) and how it compares to other sales strategies. You can get this manual by going to http://www.structuredsalespro.com and filling in the form on the right side of the page.
Sellers of real estate and businesses can learn about the new Structured Sale at http://www.structuredsalespro.com or by calling Settlement Professionals Inc. at 1-800-666-5584.
Settlement Professionals Inc. (SPI), a national company, was founded in 1987 and is based in West Linn, Oregon (a suburb of Portland). SPI’s founder, Jack Meligan, has been a top annuity specialist for over 19 years and is seen as one of the nation’s preeminent experts in the structured annuity field with many published articles in high profile publications. SPI’s main business is structured settlement planning for plaintiffs in injury cases around the U.S.; however, has began to focus on the Ensured Installment Sale (Structured Sale) since its development by Allstate Insurance in 2005.
SPI has teamed up with many of the nation’s top tax, financial, and real estate professionals to give sellers of appreciated assets a better solution for deferring capital gains taxes with less risk and greater benefits.
To contact SPI please call 1-800-666-5584, email: mauch@structuredsalespro.com, visit: http://www.structuredsalespro.com or http://www.settlepro.com