1031 Exchange question

[Brendan Harrison]

Clients just sold a property & are 1031 Exchanging to a new property.

Both the husband and wife were on the title, and the loan, of the relinquished property.

They will both be on the title of the new property.

However, is the wife required to be on the new loan as well? Or can she remain off the loan?

They would prefer to keep her off the loan if it doesn’t impact the 1031X.

Thank you!