Wills, Estates & Trusts,
Family
Mar. 2, 2023
The increasing role of illiquid assets in divorce settlements (Part 3)
Article 3 of 4: Personal residences and reverse mortgages.
Barry Levine
Senior Vice President and Senior Wealth Advisor
Northern Trust Corporation, in San Diego.
For many families their personal residence is their most significant asset in dollar terms. However, in the context of divorce there are two topics that we believe do not receive as much attention as they should by family law professionals: 1) A 1031 exchange involving a personal residence, and 2) A reverse mortgage on a personal residence.
1031 exchange involving pers...
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