While it is not necessary to have one, a real estate tax lawyer is a great investment for many different reasons. Some of the biggest reasons that you would want to have a certified real estate tax lawyer around are to ensure that you are not breaking any laws while selling or buying real estate and to make sure that your estate will not be taxed too heavily by the government both before and after your death.
If you are going to hire a real estate tax lawyer, make sure that they are fully certified. To become a real estate tax lawyer generally takes 3 years of study for a full-time student. They have to take many classes that will help them to fully understand specifically how the law works when it comes to real estate transactions. They often get internships while they are in school so that at graduation they already have experience and can hit the ground running. If you make sure that they are certified before you hire them, you can be sure that they will know the pertinent parts of the law when it comes to dealing with your real estate.
Buying and Selling
In many states, you do not have to have an attorney present to buy or sell a home, but that does not mean that you should not. Having one present can help you to avoid any potential pitfalls or legal problems in the future, and they will make sure that there is no room for a potential lawsuit in either direction. The attorney will make sure all of the paperwork is done correctly, and that it is all accounted for when it comes time for the final signatures.
Real estate taxes, or real property taxes, are the taxes that are due based on the value of the property and homes that you own. Real estate tax lawyers will do everything they can to help you get all of the tax cuts that you have available to you. Their job is to save you from paying too much in taxes. By hiring a certified lawyer, you can be confident that they are going to save you as much money as possible. In the case of transferring a large estate, real estate tax lawyers can save you millions of dollars. At the time of death, if your estate is worth more than a certain amount, the government can tax your beneficiaries a percentage of the value of your estate. A real estate tax lawyer would know all the ways to get the tax cuts that can keep you below that number and get more of the money that you were leaving behind to the posterity that you leave behind.