1031 Exchange

Succession planning in family-owned businesses is rarely just about ownership. It is about liquidity, fairness among heirs, tax exposure, and the long-term viability of both the business and the family balance sheet.

For experienced real estate owners, the 1031 exchange is rarely new. Many have executed one before, or at least evaluated it seriously during a sale.

A 1031 exchange is one of the most powerful ways for real estate investors to defer capital gains taxes. But sometimes, even with the best planning, things don’t go as expected.

For many owners, the business is not just a company—it’s a lifetime of effort, risk, and sacrifice.

Capital gains tax applies whenever you sell an appreciated asset—whether it’s real estate, stocks, a business, or other investments.

Preparing your business is important. Preparing yourself is essential.

When you sell a property with a large gain, the tax bill can be significant. Many real estate owners look for ways to reduce the tax impact of a sale without being forced to reinvest immediately or complete a rushed 1031 exchange.

Owning a second home can be both emotional and financial: it may serve as a retreat, a family gathering place, and a meaningful part of your long-term wealth.

Selling an investment property can create a large tax bill, especially if you’ve owned it for many years and has appreciated significantly in value.