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A 1031 Exchange is often viewed as a transactional tax-deferral strategy. But when integrated into a broader estate plan, it can become a powerful wealth preservation tool.
One of the most important concepts in this discussion is stepped-up basis — and how it impacts capital gains tax treatment when property transfers to heirs.
In this webinar, we discuss:
Join Northern Bank's treasury and banking experts for an educational webinar focused on how banks are regulated, the financial requirements they must meet, and the key indicators organizations should consider when evaluating a banking partner.
Business Banking
In today’s digital age, electronic devices have become indispensable parts of our lives. However, when it’s time to upgrade or dispose of these devices…
1031 Exchange
As home prices continue to rise, an outdated tax rule is creating unintended consequences for homeowners and the market. Explore the proposed changes and how strategies like combining Sections 121 and 1031 may create new opportunities.
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.17 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.