Death of a Landlord: Tax and Estate Planning Considerations for Real Estate Professionals
Date: Monday, September 21, 2026
Instructor: Klaralee R. Charlton
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours Estate Planning for CFP |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
The death of a rental property owner creates a complex intersection of tax law, estate planning, and real‑world operational challenges. Without proper planning, heirs and fiduciaries may face unnecessary tax exposure, disrupted cash flow, and legal uncertainty surrounding ownership, management, and tenant relationships. This practical, planning‑focused course equips tax and estate professionals with the strategies needed to guide clients through the transition of rental real estate at death while preserving value and minimizing risk.
Participants will examine how entity structures such as LLCs can support succession planning, evaluate lifetime and post‑death transfer strategies, and understand how basis adjustments at death affect depreciation and capital gains. The course also addresses post‑mortem decisions including selling inherited property, assigning or renegotiating leases, and managing real estate operations during estate administration. Emphasis is placed on practical techniques that reduce estate and income tax exposure while ensuring a smooth and defensible transition of real estate assets to heirs and beneficiaries.
Who Should Attend
This course is designed for professionals who advise real estate owners, estates, and fiduciaries on tax and succession issues.
Topics Covered
- Entity selection and ownership structures for rental real estate
- Succession and transfer planning for landlords
- Basis adjustments at death and post‑death depreciation
- Disposition of rental property after death
- Lease, tenant, and property management transitions
- Common planning pitfalls and risk areas for real estate estates
Learning Objectives
- Evaluate how LLCs and ownership structures can reduce liability and facilitate real estate succession planning
- Compare lifetime and post‑death strategies for transferring rental real estate interests to heirs
- Apply basis step‑up rules to depreciation and capital gain planning for inherited rental property
- Analyze tax and legal considerations involved in selling inherited property or assigning leases after a landlord’s death
- Implement practical planning techniques to minimize estate and income taxes while maintaining operational continuity
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
