Delaware Statutory Trust 1031 Exchange Pros and Cons
 
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mcpherson1031dstOffline
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PostPosted: Tue Aug 16, 2022 5:06 pm    Post subject: Delaware Statutory Trust 1031 Exchange Pros and Cons Reply with quote
How does a 1031 Delaware statutory trust work?


Generally, a sponsor will establish DSTs and appoint trustees who will have the sole authority to manage the trust's activities and assets. Trustees have a fiduciary responsibility to the beneficial owners (ie joint owners).



The Trust raises investment funds, arranges any necessary financing on behalf of the Trust and appoints and administers or engages property managers. The trust itself directly owns the assets and each owner has an interest (or interest) in the trust.



Similar to an LLC, all income and distributions go to the individual owners and are subject to tax. The typical life of the trust can vary widely, but can easily last up to ten years, during which time the property is acquired, the proceeds are collected and distributed to the owners, and once the assets are disposed of, the remaining principal is returned. to investors. .


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