Considering the potential Coastal Connector Alternative Corridor Evaluation(ACE) Proposals, could have a negative impact for Marion County property and business owners, you may be thinking about selling all or a partial sale of your property prior to government property interruption (Eminent Domain). Property values including residences may depreciate as I experienced this in New Jersey. You may find it worthwhile to have a discussion with a competent CFP professional and tax advisor as to some estate planning options.
If you have pent-up taxable capital gains you may want to explore some Charitable Planning strategies that can benefit you as well as your chosen Charities to minimize capital gains taxes and create a memorable legacy.
This is a strategy that helps to minimize capital gains taxation and can benefit your community or passion in making a Charitable bequests as soon as implemented. The Gates foundation and others do this frequently to help charitable organizations and provide tax relief as well. I welcome your call should you like to have a discussion as to some resourceful Estate planning and tax strategies. You can view http://www.flretire.com as to my blogs for further information and or seek Fidelity Charitable.org and SEI Charitable Relationships for further information. I am affiliated with both entities.
Tom Cooper CFP, CPPT