Mrs. Jones, age 84, has an estate of $5,000,000. She has $3,800,000 of the $5,000,000 in real estate rental properties ($920,000 basis) producing high amounts of rental income. She was never married to the father of her children; she is in good health and is of sound mind. If her AGI is $180,000 what would you recommend as her CFP that she should do with the rental properties?

Answer rating: 100% (QA)

Given Mrs Jones age estate size and the significant portion of her assets tied up in real estate rental properties as a Certified Financial Planner CF... View the full answer