I am the trustee for my fathers estate. He passed away in 2020 at nearly 100
years old. We children (5) will inherit more money than we ever dreamt because the family farm is in an area where commercial property is in high demand. We
recently received an unsolicited offer of $10 million. We now are each trying to determine the most tax efficient way to handle the inheritance. Wondering if anyone here has experience with 1031 exchanges and have suggestions on what they have done to pass on inheritance money to avoid such a big capital gain?
years old. We children (5) will inherit more money than we ever dreamt because the family farm is in an area where commercial property is in high demand. We
recently received an unsolicited offer of $10 million. We now are each trying to determine the most tax efficient way to handle the inheritance. Wondering if anyone here has experience with 1031 exchanges and have suggestions on what they have done to pass on inheritance money to avoid such a big capital gain?