Like-Kind Exchanges in Trust & Estate Planning - 2019

Originally presented on January 8, 2019

For clients with significant real estate portfolios in their estates, Section 1031 like-kind exchanges can be a very effective tool for deferring gain. Recent tax legislation has scrambled familiar tax, economic, and practical considerations for making a like-kind exchange, in some circumstances making these techniques more attractive than before, but in others (incoming producing property) less attractive.  There are also substantial real estate law traps in like-kind exchanges.  This program will provide you with a practitioner’s guide to using new like-kind exchange rules in trust and estate planning.  

• Trust and estate planning opportunities using Section 1031 like-kind exchanges
• How the 2017 tax law changed conventional considerations of using like-kind exchanges
• Review of major non-estate tax issues for estate planners when using like-kind exchanges
• Circumstances when it no long makes sense to use like-kind exchanges for income-producing party
• Real estate traps when using like-kind exchanges in trust planning

Speakers: Anthony Licata, Taft Stettinius & Hollister LLP, Chicago, IL and Susan Wheatley, Taft Stettinius & Hollister LLP, Cincinatti, OH

NOTE: This program was originally produced as a telephone seminar and is available on demand in streaming audio. This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics or elimination of bias credit.