Julie Baird Talks Generational Wealth and Inherited Real Estate in Advisorpedia

First American Exchange Company President Julie Baird recently authored an article for Advisorpedia exploring how Millennials and Gen Z can thoughtfully manage the historic wave of inherited wealth expected over the next decade. In the article, Julie highlights the critical role advisors play in helping younger generations understand the tax and estate planning implications of inherited real estate, including the step-up in basis and the strategic use of 1031 exchanges. She explains how early, coordinated guidance can help heirs preserve value, avoid unnecessary tax exposure, and position inherited properties as a long-term foundation for growth rather than a missed opportunity.

Read the full article on Advisorpedia’s website.

The second article explores tax nuances, investment timelines, and alternative ownership structures those inheriting real estate should consider.