Keeping the exchange process simple for you! |
|
|
Family is Great for Holidays - But not for 1031!
|
When it comes to the holidays, most people enjoy celebrating with their relatives. The wonderful family dinners, parties, and gift exchanges can be highlights of the holiday season. However, when it comes to 1031 exchanges, you want to avoid a transaction with your close relatives and any related party. This article discusses the many concerns created when we exchange with a related party.
The definitions of related parties for exchange purposes include family members, such as parents, siblings, spouses, ancestors, and lineal descendants. Those not considered related are aunts and uncles, cousins, nieces and nephews, ex-spouses, and stepparents. Related parties are not just family members, but also close connections to a corporation, partnership, or trust.
|
|
|
1031 CORP. Announces
New Chief Operating Officer
|
|
|
|
1031 CORP. is excited to announce Michele Rist as Chief Operating Officer based in the Company’s Collegeville headquarters. As COO, Michele is tasked with providing leadership, management, and vision to ensure that the business has successful people, operational controls, and administrative and reporting procedures in place. She will partner with the senior leadership team to effectively grow the company and ensure its financial strength and operating efficiency.
“I am thrilled to welcome Michele into this new position and enable her to play a vital role on our leadership team. With over two and a half decades of operational experience in title and lending, I knew Michele could help us finetune our processes and increase our efficiencies. Her knowledge of the real estate transaction and closing process is invaluable to our team as it helps us see the 1031 exchange from a different perspective,” said Margo McDonnell, CRE, CES®, President of 1031 CORP.
|
|
Ellie Trovato Awarded
Certified Exchange Specialist® Designation
|
|
|
|
1031 CORP., a nationwide qualified intermediary, announced Ellie Trovato has earned the designation of Certified Exchange Specialist® (CES®). The use of CES® is an earned accreditation to be leveraged after meeting the examination and work-experience criteria established by the CES® Certification Council of the Federation of Exchange Accommodators (FEA).
Ellie is an Exchange Officer in the Collegeville, Pennsylvania branch office. “Ellie is laser focused on providing an exceptional exchange experience for her clients and her efforts do not go unnoticed by her clients or their professional advisors. She also enjoys educating real estate investors and business owners of the many benefits offered through 1031 exchanges,” stated Margo McDonnell, President of 1031 CORP., and a charter member of the CES® Certification Council that developed and implemented the CES® Program in 2003.
|
|
Upcoming Events: Stop by and See us! |
|
|
|
Booth #528
The Triple Play REALTOR® Convention & Trade Expo
December 5 - 8, 2022
Atlantic City
Convention Center
Atlantic City, NJ
|
|
1031 Exchanges Made Easy
Thursday, December 1, 2022
12:00 PM Eastern
We will provide an easy to follow overview of 1031 tax-deferred exchanges and their many benefits. We'll also review the requirements of a successful exchange and the essential role of 1031 CORP. to keep the exchange transaction simple for all parties and wrap up with questions and answers.
|
|
|
|
Serving as a nationwide Qualified Intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide an exceptional exchange experience for our clients and their advisors. We provide our clients with enhanced security of funds, knowledgeable exchange professionals and a commitment to keep the exchange process simple for our clients and their advisors. Our Exchange Team, which includes Certified Exchange Specialists®, has the experience and expertise to facilitate even the most complex exchange transactions, including reverse and improvement exchanges.
|
|
|
1.800.828.1031 | www.1031CORP.com |
|
|
|
|
|
|
|
