Diligent Dallas, Texas, Title Insurance Lawyers
If you're involved in a commercial real estate transaction, you want to avoid surprises at closing. You want attorneys who can assist in the process from beginning to end. In Texas, contact Kim Lawrence PC in Dallas.
Title Insurance ● Title Clearance ● 1031 Exchanges ● Title Search
At Kim Lawrence PC, we handle the transaction from start to finish. We handle the closing details so you won't have to worry about them. We provide peace of mind to our clients by handling the following:
- Receiving and disbursing closing funds
- Closing monetary and legal parts of escrow
- Coordinating the issuance of title insurance
- Dealing with tax-deferred exchanges
Although we're not certified by the Texas Board of Legal Specialization as title insurance specialists, we serve as the fee attorneys and escrow office for a nationally recognized title insurance company.
Tax Deferred Exchanges
If you're looking to sell real estate that has increased in value, you may be able to defer paying capital gains taxes. Section 1031 of the internal revenue code allows owners of appreciated real estate to defer paying capital gains tax if they use the proceeds of the sale to buy another property of equal or greater value.
However, to qualify for tax deferment, the transactions must be linked meaning that you must exchange your current property for the new property. To avoid tax consequences, you'll have to appoint a third party to accept the transfer of your title to your current property, title to the new property and the proceeds of both sales.
There are exchange companies set up to manage this exchange, but handling this type of process can be complicated. We can facilitate this exchange by dealing directly with exchange companies and we can expedite the process for you.
To learn more about our title services, contact our office at 972-661-2145.
Kim Lawrence PC
Phone: 972-661-2145
Fax: 972-661-3283
Toll Free: 800-401-0114
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