Section 1031 like-kind exchanges remain a cornerstone of family-office real-estate tax planning, but policy debates over potential caps have re-emerged in Washington.

Multi-generational portfolios that depend on tax-deferred recycling of basis would be most affected by any caps on annual deferral amounts.

Advisors are revisiting opportunity-zone overlays, charitable remainder trusts and Delaware Statutory Trust structures as parallel planning tools.

Family offices are increasingly engaging policy advisors and tax counsel early in the underwriting process for long-hold assets.