Maura A. Snabes, Esq., CES®, NTP, has extensive experience in Real Estate and Corporate Law. Since 1994, she has served as corporate legal counsel for a title company and has been the SVP Counsel at Corporate Settlement Solutions since 2002. In 1995, she founded Corporate Exchange Services, a qualified intermediary, and is a Certified Exchange Specialist. Ms. Snabes is active in conducting 1031 exchange seminars. She is a member of several professional organizations including the State Bar of Michigan and the Michigan Land Title Association, where she serves as a Board Member and Committee Chair. Additionally, she is a licensed Michigan real estate broker. Ms. Snabes lives in Charlevoix, Michigan with her husband and three children, and enjoys singing, outdoor activities, and competitive sports.
Deferred's AI 1031 Research Assistant is trained on 8,000+ pages of US tax law and outperforms human CPAs by 22%+
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Essential 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.
