Janet I. McCurdy is a seasoned trusts and estates practitioner with over 30 years of experience, primarily serving clients in Frederick, Washington, Carroll, and Montgomery Counties. Her practice focuses on creating comprehensive estate plans for clients of various ages and professional backgrounds, aiming to provide peace of mind through strategies that reduce or defer estate taxes, ensure liquidity, and address business succession issues. Janet has a particular interest in helping local farmers preserve family farming traditions through succession planning and participation in agricultural preservation programs.She holds a Masters of Law (LLM) in taxation law, enhancing her ability to advise clients with taxable estates on issues such as establishing formal gifting programs, forming partnerships and limited liability companies, and setting up irrevocable life insurance trusts and charitable remainder unitrusts. Janet also represents personal representatives in estate administration, including preparing accountings and assisting with the conveyance of real estate and personal property, as well as trustees in the management and distribution of trust assets.Janet earned her B.A. from Duke University, her J.D. from the University of Richmond, and her LLM from Georgetown University. She is licensed to practice in Maryland and Virginia, serves on the Estate and Trust Law Section Council of the Maryland State Bar Association, and is an active member of the Bar Association of Frederick County. Additionally, she holds positions on the Board of Directors for Woodsboro Bank and the Mental Health Association of Frederick County. Janet is affiliated with west-patrick-exchange-corp.
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CHAT NOWEssential reading for anyone planning a like-kind exchange. Discover how to navigate capital gains and 'boot' in a 1031 exchange with our comprehensive guide. Learn what constitutes taxable boot, including cash and mortgage scenarios, and strategies to minimize tax implications.
Established in 1921, 1031 Exchanges have evolved through key legal cases and legislative changes, including the introduction of delayed exchanges, stricter timelines, and rules for holding exchange funds. Despite these changes, the core purpose remains to incentivize real estate investment and market growth.
A 1031 exchange can be an incredible tool for real estate investors to reduce their tax liability. We demystify the rules required to qualify and successfully complete a like-kind exchange.