Wills, Estates & Trusts,
Family
Mar. 1, 2023
The increasing role of illiquid assets in divorce settlements (Part 2)
Article 2 of 4: Investment real estate that has been part of a 1031 tax-free exchange.
Barry Levine
Senior Vice President and Senior Wealth Advisor
Northern Trust Corporation, in San Diego.
Californians likely have a higher proportion of their investment portfolio invested in real estate than do investors in many other parts of the country. To minimize the impact of income taxes as they buy and sell properties they often use a strategy known as a 1031 exchange, which involves utilizing the proceeds from the sale of real estate to purchase replacement property within a certain period of time.
In general, the court does not con...
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