Strategic Wealth Preservation

Description: Strategic wealth preservation.

HOH client: Owner/investor

Key issues: Negotiate buy-out arrangement for long-term rent-regulated tenant, assist tenant in relocating, minimize client’s permanent capital outlay through creative use of trust structure for tenant’s new residence.

An investor selling a multi-family property realized an estimated sale price increase of 40% and preserved nearly $1M in capital that might otherwise have been lost in relocating a rent-regulated tenant with assistance from Holm & O’Hara LLP. We handled negotiations with the tenant and developed a creative win-win solution in which our client purchased and granted her a life interest in her new residence.

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