If you qualify for this exclusion, you may do anything you want with the tax-free proceeds from the sale. You are not required to reinvest the money in another house. But, if you do buy another home, you can qualify for the exclusion again when you sell that house. Indeed, you can use the exclusion any number of times over your lifetime as long as you satisfy the necessary requirements.

Join us this Tuesday to learn more on the Bottled Business Sense Show.

Bill Bernard – WFBLegalConsulting.com

Rick Moscoso – Captivate365.com

The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.

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Other Asset Protection Tools

Asset Protection Planning encompasses many different forms, but the obvious and even easiest forms of protection are often overlooked, as is one of our most valuable assets—our home! In this show, Bill and Rick discuss other asset protection tools and various ways to implement home asset protection planning that involves tools often times overlooked, and which if desired, can be implemented easily by the homeowner him or herself and even extended beyond common sense boundaries by a lawyer who practices best asset protection principles.