Top Painted Post, NY 1031 Exchange Lawyers Near You

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  • Harter Secrest & Emery LLP

    1031 Exchange Lawyers | Corning Office | Serving Painted Post, NY

    1031 Exchange Lawyers | Corning Office | Serving Painted Post, NY

  • Welch & Zink

    1031 Exchange Lawyers | Corning Office | Serving Painted Post, NY

    1031 Exchange Lawyers | Corning Office | Serving Painted Post, NY

Painted Post 1031 Exchange Information

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Lead Counsel Verified Attorneys In Painted Post

Lead Counsel independently verifies 1031 Exchange attorneys in Painted Post by conferring with New York bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.

Find a 1031 Exchange Attorney near Painted Post

1031 Exchange

Section 1031 of the United State Tax Code provides that when property held for productive use in a trade or business or for investment and is exchanged for the same kind of property, the capital gains can be deferred.

Consult a 1031 Exchange Lawyer

Claiming a 1031 exchange can be complicated, and you must comply with several requirements. Consulting a a Painted Post attorney who is experienced filing 1031 Exchange applications can ensure the best result possible. The lawyer will determine what property qualifies, if you are eligible, and can assist you in filing the necessary documents.

Best Time to Seek Legal Help

No matter what your legal issue may be, it is always best to seek legal help early in the process. An attorney can help secure what is likely to be the best possible outcome for your situation and avoid both unnecessary complications or errors.

Top Questions to Ask a Lawyer

  • What is the usual process to resolve my case? How long will it take to resolve this?
  • What are likely outcomes of a case like mine? What should I expect?

An experienced lawyer should be able to communicate a basic “road map” on how to proceed. The lawyer should be able to walk you through the anticipated process, key considerations, and potential pitfalls to avoid. Once you’ve laid out the facts of your situation to the lawyer, he/she should be able to frame expectations and likely scenarios to help you understand your legal issue.

How much does it cost to hire an attorney?

In general, how much an attorney costs will often depend on these four factors: billing method and pricing structure, type of legal work performed, law firm prestige, and attorney experience. Depending on the legal issue you are facing, an attorney may bill you by the hour, settle on a flat fee, or enter into a contingency fee agreement. The type of legal work you need help with will also play a role in cost incurred.

Common legal terms explained

Personal jurisdiction – Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court’s reach in personal jurisdiction.

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