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Updated over 2 years ago,
Can I change the title of ownership in a 1031 exchange?
I have a TIC share. I would like to exchange into a property, also TIC. My current TIC is in my personal name. In the exchange I would like the new property to be one half in a revocable trust in my name and one half in a revocable trust in my wife's name. In other words, I would be gifting half to my wife. Is that possible? Or do I have to change the form of ownership before the exchange? (I would really like to avoid that.)
The alternative would be to exchange it into an irrevocable trust. But it's not my preference. Is that possible?