Top Bristol, RI 1031 Exchange Lawyers Near You
100 Westminster St, Suite 710, Providence, RI 02903
47 Wood Avenue, Barrington, RI 02806
49 Weybosset Street, Second Floor, Providence, RI 02903
One Citizens Plaza, 10th Floor, Providence, RI 02903
50 South Main Street, Providence, RI 02903
40 Westminster Street, Suite 201, Providence, RI 02903
469 Centerville Road, Suite 204, Warwick, RI 02886
10 Dorrance Street, Suite 700, Providence, RI 02903
692 Warren Ave, East Providence, RI 02914
260 Lonsdale Ave, Pawtucket, RI 02860
56 Exchange Terrace, Providence, RI 02903
272 W Exchange St, Suite 001, Providence, RI 02903
50 Kennedy Plaza, 11th Floor, Providence, RI 02903
650 George Washington Highway, Suite 200, Lincoln, RI 02865
275 Reservoir Avenue, Providence, RI 02907
1334 Mendon Rd, Cumberland, RI 02864
146 Westminster Street, 5th Floor, Providence, RI 02903
78 Kenwood St, Cranston, RI 02907
700 Narragansett Park Drive, Pawtucket, RI 02861
3913 Main Rd, Suite E, Tiverton, RI 02878
443 Hope St., Bristol, RI 02809
144 Medway Street, Providence, RI 02906
117 Metro Center Boulevard, Suite 2001, Warwick, RI 02886
40 Westminster Street, Suite 1100, Providence, RI 02903
300 Centerville Rd Ste 300, Summit West Ste 300, Warwick, RI 02886
Bristol 1031 Exchange Information
Lead Counsel Verified Attorneys in Bristol
Lead Counsel independently verifies 1031 Exchange attorneys in Bristol and checks their standing with Rhode Island bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is a 1031 Exchange?
A “1031 exchange” refers to section 1031 of the U.S. Internal Revenue Code, which allows you to defer capital gains taxes on some real estate transactions. Also known as a “tax-deferred exchange,” you will be able to defer any capital gains taxes when selling a home as long as you are buying another home that costs more. You can also do this for business property investment. Many property exchanges qualify as a 1031 exchange as long as you are holding the property for investment or business use, giving you significant tax savings.
What Are Some Examples of Situations Where I Might Need a Real Estate Lawyer To Help With a 1031 Exchange?
While a common tax savings tactic for real estate investors, making sure your 1031 exchange goes smoothly may require a lawyer’s attention to detail and knowledge of the law. Consult with your real estate lawyer if you are considering purchasing a new piece of real estate investment property or seeking a new business property.
How Can a Real Estate Lawyer Help Me?
A real estate lawyer can help you through the real estate process. With so much money on the line, it is wise to work with a lawyer to protect your investment. A real estate lawyer can help with:
- Breach of contract claims
- Property insurance claim denials
- Title disputes
- Zoning restrictions
- HOA restrictions
- Negotiating commercial lease agreements
- Handling property tax matters
What Could Happen if I Don’t Hire a Real Estate Lawyer?
If you don’t hire a real estate lawyer, you could be putting your home or business at risk. Problems with a real estate deal can quickly spiral out of control, costing you tens of thousands of dollars or more. Property ownership or title disputes can cost you your home. Without a real estate lawyer, you could face:
- Property and zoning restrictions
- Property tax penalties
- Breach of contract claims
- Environmental remediation costs
What Questions Should I Ask When Trying To Find a Real Estate Lawyer in Bristol?
These questions can help you decide if you feel comfortable and confident that a lawyer has the qualifications, experience, and ability to manage your case. Many real estate lawyers offer an initial consultation that allows you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What is your experience in handling real estate cases in Rhode Island?
- Have you represented property owners in cases like mine?
- What are potential issues that can come up during the property purchase?
- How will you keep me informed about updates in my case?
- What is the likely timeline for resolving my case?
- What is your fee structure for legal representation?
Tips for Hiring a Real Estate Lawyer
Take the time to find a real estate attorney who is right for you and will represent your best interests. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about fees and billing
- Trust your instincts