Julie Baird Explains How Advisors Can Help Clients Turn Inherited Real Estate Into Long-Term Income in Advisorpedia

First American Exchange Company President Julie Baird recently authored a follow-up article for Advisorpedia examining how advisors can help Millennials and Gen Z develop income-generating strategies as the largest real estate wealth transfer in history unfolds. In the piece, Julie discusses how younger heirs can evaluate whether to sell, reposition, or reinvest inherited property, and how tools like 1031 exchanges can support long-term, tax-efficient growth. She also highlights the importance of understanding state-level tax nuances, investment timelines, and alternative ownership structures, from rental properties to REITs and Delaware Statutory Trusts, so inherited assets can evolve into income-producing opportunities aligned with clients’ financial goals.

Read the full article on Advisorpedia’s website.

The first article explores early tax and estate planning strategies for those inheriting real estate.