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What Are the 4 Types of Real Estate 1031 Exchanges?...

When considering whether or not a 1031 exchange is right for you when it comes to dealing with real estate you may have, there are four key types of exchanges you can choose from. Continue reading for more info and to see how 1031 exchanges in Davenport IA are set up. 1 – Simultaneous Exchange A simultaneous exchange happens when the sale and transfer of property, titles, and funds all occur at the same time. Any delay in these transfers can cause the deal to be declared null and void and taxes may be owed on any profits earned from the sale of said property. 2 – Delayed Exchange With the delayed exchange, there is a maximum of 45 days to find the property that the tax-free profits will be used for and a total of 180 days to complete all sales and transfer of property titles. In addition to the numerous tax benefits, the additional time allowance is very appealing to many people. 3 – Reverse Exchange This exchange, which is also commonly known as a forward exchange, is basically set up with a buy first pay later approach. This is a very appealing feature, but it is tricky to pull off at times because the reverse exchange requires all cash transactions. To further complicate things many lenders won’t offer loans for them. 4 – Construction/Improvement Exchange This type of exchange makes it possible for a taxpayer to make improvements to other property and utilize the equity in the property that they sold. This and all starker exchanges in Davenport IA area need the help of a skilled and experienced tax expert to be sure everything goes smoothly. Call us today here at David J Franks Attorney-at-Law to learn more about our tax...

Consult With a Knowledgeable Indiana Lemon Law Attorney...

Investing your hard-earned money in an automobile can provide you with an excellent way to pick up your kids from soccer practice or commute to work. Unfortunately, you may purchase a vehicle that ends up having a significant amount of problems repeatedly. Vehicle “Lemon Laws” were created to help consumers who find themselves in this type of situation. If you purchased a highly defective SUV, truck, or car, you might want to speak with a legal professional who understands the intricacies of the Indiana Lemon Law. Utilizing an Experienced Attorney When You Own a Lemon Getting stuck with Lemon can be frustrating and expensive. You may even be driving a vehicle that’s got safety issues. Consulting with an experienced Indiana Lemon Law attorney can help you get the professional assistance you need to receive compensation. This type of legal professional understands the nuances associated with the process required to get you compensated fairly. Understands the Legal Process One of the benefits of utilizing a legal specialist who is knowledgeable about the nuances of the Indiana Lemon Law is their ability to understand the Lemon Law statutes in your specific state and how they affect your unique situation. Getting this type of assistance can be invaluable in helping you get appropriate compensation for the problems you’ve had to deal with since purchasing your vehicle. If you’re in a situation where you’ve bought a Lemon and need to learn more about Lemon Laws in your state, be sure to visit Lemon Law America. Be the first to...

Information on Family Law Lawyers in Hattiesburg, MS...

There are many different legal issues Family Law Lawyers, Hattiesburg, MS can assist you with. Since family law issues are typically more involved than some other cases, it is important to have legal help so there are as few issues as possible. By hiring a lawyer to help you through these legal issues, you can rest assured things are carried out through the law so the documents and agreements stand up in court. How Can Family Law Lawyers Hattiesburg, MS Help You? Family lawyers provide legal services for a variety of different reasons. Once of the most common reasons people see these types of lawyers is because of divorces. Since a divorce is often a difficult case to go through, having a lawyer to protect your rights is extremely important. Not only do family lawyers represent people going through a divorce, but they can also assist in child custody cases. This can help you to gain custody of your child or grandchild and can make the process less stressful. These lawyers can also work with adoptions. Since an adoption is a legal transaction, it must be done through the law, to make sure your rights as an adoptive parent are protected. Once you have adopted your child, you want to make sure the adoption is permanent and no one can take the child from you. When the adoption has been filed through an attorney in the courts, it is legally binding and permanent. There are other issues family lawyers can assist with, like pre-nuptial agreements. They can also help with drawing up any legal documents dealing with family-related issues. If you are dealing with any of these family law situations or need legal advice on any family issues, contact Johnson, Ratliff & Waide, PLLC....

Prepare for the Future with Estate Planning...

One of the best ways you can prepare for the future for you and your family is with estate planning. It takes more than just planning for the sake of it. You need legal assistance to ensure that your efforts are handled correctly. You can care for your loved ones using estate planning, all you need to do is hire an estate planning lawyer in Moline IL. Your age doesn’t matter, planning is applicable for everyone. Life is a gift and accidents can happen at any time, estate planning ensure that your family members are protected in the case of an unexpected fatality. Do not leave your family struggling to survive, plan your estate as soon as possible. What Constitutes an Estate? Do you know what constitutes your individual estate? There are many misconceptions when it comes to understanding what is in an estate. It can include your home, land as well as other physical buildings. Estate planning is not just for the rich and wealthy. Actually, nothing could be further from the truth. Your net worth does not determine whether you need estate planning or not. A legal and binding document needs to be created for families of all sizes naming beneficiaries to ensure your family gets the proper assets after you pass away. There are also nonfinancial aspects that should be considered. Those aspects can include general final wishes, ensuring the ownership of assets transferred to a family member, ensuring the correct person maintains guardianship or custody of your kids, eliminates quarrels between family members and loved ones, allocates 401K and retirement funds to beneficiaries and reduces taxes that have been associated with an estate. Avoid the Dangers of Failing to Plan Ahead The distribution of your estate according to your wishes...

Three Common Situations That Warrant Getting a Probate Attorney in Chicago...

The death of a loved one can be an emotional time for many people. It can become especially frustrating if you run into problems with carrying out the last will and testament of the deceased person. Though you want everything to run smoothly, it doesn’t always happen this way. If you are experiencing problems with your loved one’s estate, it may be time to consider hiring a probate lawyer. If you’re not sure whether you should be talking to a probate lawyer about your particular case, take a look at these three situations in which a probate attorney in Chicago would be helpful. Family Disputes Many people think that the existence of a last will and testament means all estate issues were already settled before the time of death. However, it is possible for family members to contest a will if they have a strong case for doing so. If one of your family members plans to do this, talk to a lawyer right away. A qualified probate attorney will be able to give you sound advice on what your next steps should be, and may be able to keep your family out of a costly court battle. Uncommon Assets Probate law is straightforward when it comes to things like homes and bank accounts. Things get much more complicated if the deceased person has left behind a business or income property. These things cannot simply be sold or given away, and may present ongoing issues for the family. In these cases, it’s a good idea to hire a probate lawyer to help you in the process of selling or managing the business or property. Debts In some cases, you may find that your loved one did not leave behind sufficient funds to pay off...

Key Things You Should Think About When Doing Estate Planning...

If you’re looking for an estate law attorney in Coral Springs, FL, you probably already know the importance of putting together a will. Many people don’t like to talk about wills, but these documents can save your family a lot of heartache and distress once you’re no longer here. Estate planning lawyers can help you put together a plan of action for your assets if something were to happen to you. This plan will be specifically tailored to your wishes, and it will let people know explicitly what your wishes are. Following are three keys estate planning tips that you should keep in mind when you’re ready to speak to an estate planning attorney. Minor Children Set up a guardianship plan for any minor children that you have. This will help protect your children in case you pass away suddenly. This will help explicitly list out who will be taking legal responsibility and guardianship of the children. Include information about life insurance and how the children are going to be supported. Your attorney may suggest that you place your money in a trust, but this is all information that you can speak about with your estate planning attorney. Beneficiaries Determine who your beneficiaries are now. This will help avoid any confusion and court challenges in the future after you’ve gone. Be extremely clear about who you intend to pass your assets onto. This will help your family avoid major turmoil and court battles down the road. Assets with Spouses While some assets pass on to your spouse automatically upon your death, others don’t. Be very specific about how the two of you own titles to key possessions like real estates and bank accounts so that there are no surprises in the event that something...