{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"005: How to Help Your Children Own a Home the Right Way with Denae Budde","description":"In this episode, Kirsten talks to Denae Budde, managing shareholder of Budde Law Group, a niche practice that focuses in on handling either transactions or litigation in the real estate and business.   During her conversation with Kirsten, Denae discusses the rising trend of parent\/child real estate transactions. Denae highlights some of the unique things that parents are doing to ensure their children are living in the home or area they want. Denae addresses some of the challenges and roadblocks that face these types of deals and offers effective strategies that can be used to make intrafamily real estate transactions more successful.   Top Two From Episode # 005: See your attorney before any decisions are made Communicate with your family members and loved ones \u2013 those the transaction could affect  Time-stamped Show Notes: 2:04 \u2013 Kirsten and Denae discuss techniques regarding parent\/child real estate transactions 3:50 \u2013 Denae shares the most challenging real estate transaction \u2013 house swapping \u2013 and highlights roadblocks of this type of deal 6:15 \u2013 Denae offers parents a reasonable alternative option to help parents help their children 6:55 \u2013 Kirsten and Denae discuss children purchasing the home that the parents are living in 7:40 \u2013 The best way to make this deal favorable if there is more than one child in the family 8:28 \u2013 Kirsten and Denae discuss the importance of family harmony and communication to aid in the smooth sailing of these types of deals 11:15 \u2013 Denae highlights an important point \u2013 make sure your landlord actually owns the property you are about to rent 13:19 \u2013 Kirsten and Denae discuss challenges surrounding commercial leases 15:40 \u2013 Denae gives advice of protection to those who own rental properties that are investment properties and not intrafamily rentals 17:56 \u2013 Kirsten and Denae discuss an LLC versus a Corporation 24:40 \u2013 Denae\u2019s parting wisdom on business deals Episode # 005 Freebie: As a parent you\u2019ll do anything for your child, but how far would you go to make sure your child has the type of home they want or is living in the location they want to be in? Many people jump in not wanting to spend the extra money on the front end to protect their transactions and make sure that no surprises arise. Absolute Trust Talk guest Denae Budde recommends talking to an attorney first and to remember that the upfront costs will save you more on the back end. Denae offers listeners this exclusive tool \u201cConsider This \u2013 A Brief Guide to Owning and Renting Property,\u201d that takes you through the considerations, questions like \u201cHow should we own our rental property?\u201d and \u201cWhat\u2019s involved in setting up an LLC?\u201d The guide lays out clear actionable steps and what you have to pull together to get started. In addition, she talks about things to consider when you\u2019re thinking about leasing a property.  Take the Next Step in Your Estate Planning Journey If this episode resonated with you, we'd love to help you with your own estate planning needs in California. Schedule a complimentary discovery call with our team at Absolute Trust Counsel. During this no-obligation conversation, we'll: Learn about your unique situation and goals Answer questions about our services Determine if we're the right fit to work together  Visit https:\/\/absolutetrustcounsel.com\/scheduling\/ or call 925-943-2740 to schedule your free discovery call today. Follow and Review: We\u2019d love for you to follow us if you haven\u2019t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We\u2019d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select \u201cRatings and Reviews\u201d and \u201cWrite a Review\u201d then a quick line with your favorite part of the episode. It only takes a couple second and it helps spread the word about the podcast. Episode Credits: The Absolute Trust Talk podcast is brought to you with the help of Q2Mark, led by Chief Marketing Officer Susie Hays. Since 2016, Q2Mark has partnered with Absolute Trust Counsel on all marketing communications\u2014from brand development and website design to this podcast series with over 192 episodes, social media management, video production, and more. If you're business owner looking for comprehensive marketing support, visit Q2Mark.com. ","author_name":"Absolute Trust Talk","author_url":"https:\/\/absolutetrustcounsel.com\/podcast","html":"