The settlement of an estate and distribution of property to the heirs or devisees after the deaths of the parents often involve an exchange of interests between or among the individuals involved unless the parties sell or exchange the entire property interest, agree to maintain their undivided interests for some time or shift the asset or assets involved to a separate entity. One concern is whether the exchange invokes the related party rules under the like-kind exchange provision.
Harl, Neil E.
"Partition and the Related Party Rule,"
Agricultural Law Digest: Vol. 13
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol13/iss18/1