Top Desoto, TX 1031 Exchange Lawyers Near You
70+ Years of Combined Commercial Real Estate & Business Litigation Experience. Meticulous Legal Advocacy.
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6300 Ridglea Place, Suite 1100, Fort Worth, TX 76116-5543
319 W. Oak Street, Denton, TX 76201
4122 Mapleridge Dr, Grapevine, TX 76051
4340 N. Central Expressway, Suite 200, Dallas, TX 75206
Three Galleria Tower, 13155 Noel Road, Suite 900, Dallas, TX 75240
1717 Arts Plaza, Suite 2009, Dallas, TX 75201
6801 Gaylord Pkwy, Suite 400, Frisco, TX 75034
1900 N Pearl St, Suite 1740, Dallas, TX 75201
6060 N. Central Expressway, Suite 500, Dallas, TX 75206
13355 Noel Rd, Suite 1100, Dallas, TX 75240
550 Reserve St, Suite 19, Southlake, TX 76092
10440 N. Central Expressway, Suite 800, Dallas, TX 75231
1617 Park Place Ave, Suite 110, Fort Worth, TX 76110
2801 N Harwood St, Suite 2600, Dallas, TX 75201
2200 Ross Avenue, Suite 4500W, Dallas, TX 75201
2121 N Pearl St, Suite 1100, Dallas, TX 75201
500 N Akard St, Suite 2200, Dallas, TX 75201
One Arts Plaza, 1722 Routh Street, Suite 1500, Dallas, TX 75201-2533
8244 Killdeer Circle, Fort Worth, TX 76108
PO Box 865057, Plano, TX 75086
1501 W Randol Mill Rd, Arlington, TX 76012
1400 Preston Road, Suite 295, Plano, TX 75093
5587 Davis Blvd, Suite 402, North Richland Hills, TX 76180
3131 McKinney Avenue, Suite 500, Dallas, TX 75204
300 Crescent Court, Suite 400, Dallas, TX 75201
Desoto 1031 Exchange Information
Lead Counsel Verified Attorneys in Desoto
Lead Counsel independently verifies 1031 Exchange attorneys in Desoto and checks their standing with Texas 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 Desoto?
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 Texas?
- 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