Monday, October 10, 2011

can you make some one sell their share of a property if you have yours in a 1031 exchange ?

If you inheirit a real property from a probate avoidance trust can you make the other parties sale their parts if you have done a 1031 exchange with your share?

Chosen Answer:
No. Just because YOU want to do something does NOT require that ALL others give up their rights in the property to make you happy. YOU are the one that committed to a 1031, that;s YOUR problem and not their's.
Why didn't you ask this BEFORE doing the 1031? Why didn't you READ the terms of the trust because THAT is the LEGAL document that spells out HOW the

1031 Exchange Requirements...Read More...

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