The Briggs Financial Group has assembled a team of Professional experts and resources specializing in Delaware Statutory Trusts (DSTs) and Qualified Opportunity Zones (QOZs).
We work closely with our clients to not only understand their goals, objectives and risk tolerance but, we take it one step further. When it comes to advanced tax planning, we remove the complexity surrounding DSTs and QOZs and simplify it so our Clients can make an informed and educated decision. Whether it’s a 1031 Exchange of Real Estate, a Qualified Opportunity Zone to transfer highly appreciated assets, for example; Stocks, Art Work, Car or Coin Collections or your Family Business…. we seek to help clients utilize and maximize the current tax codes to their benefit.
Understanding The 1031 Exchange Basics
Seller arranges for the sale of property and includes exchange language in the sale contract
At closing, sale proceeds are deposited with a Qualified Intermediary (QI) or escrow agent
Seller identifies potential replacement property within 45 days
Seller completes purchase of replacement property within 180 days by directing QI to release funds for closing
Other Key Requirements:
- Must purchase replacement property of equal or greater value
- Must have equal or greater debt on the replacement property
- Must reinvest all proceeds to make the transaction completely tax deferred
Briggs Financial Group Wealth Advisors
Led by 36-year industry veteran, Ronald J. Briggs Jr. FIC, CRPC, the Briggs Financial Group Wealth Advisors along with our network of CPAs, industry Professionals, and Investment Advisors are here to help you achieve peace of mind and confidence.
With the same fiduciary-based diligence and leveraging over 3 decades of planning and investment experience, our team specializing in QOZ, DSTs, and 1031 exchanges will scrutinize these programs and Sponsors to give you our Best Thinking.
The benefits of working with a team of experts combined with a Fiduciary Advisory Firm serving in your best interest are unparalleled! Whether it’s answering questions, doing analyses, or presenting “what if” scenarios. We want to assure you that you are investing in the replacement real estate that best suits your goals, objectives and risk tolerance, while maintaining your pride, and benefits of ownership.