Do you operate a small business? If so, you need to pay taxes on your income. But getting a tax attorney can be perplexing. There are so many of them to choose from and so many different things they can do to help you.
Plus, you probably have questions. And you want answers from someone with deep knowledge of the law. Fortunately, this guide has answers to the top questions to ask your real estate tax law attorney.
If you want to know the 3 best questions to ask your real estate tax lawyer, keep reading.
1. What Services Do You Offer and How Much Will It Cost?
Generally, the amount of money charged will vary based on the individual services needed. It is important to understand what services they can provide. For example, some real estate tax lawyers offer services such as tax planning, business restructuring, asset protection, and litigation.
In terms of cost, the lawyer should provide you with a comprehensive fee schedule outlining the charges for each service. If your needs are more complex, they may be able to offer a flat fee package covering the entire project. Be sure to research and compare rates among real estate tax lawyers to ensure that you’re getting the best value for your money.
2. How Many Times Will We Need to Meet Each Other?
Depending on the complexity of the issue, multiple sessions may be necessary. In addition to the initial consultation, you may need to meet multiple times in order to review documents, discuss options, and make any changes to the documents to ensure that your needs are met.
The level of communication and the number of meetings necessary for your legal tax matters will also depend on how prompt you are in returning communications, responding to questions, and scheduling meetings with your lawyer. Ultimately, your real estate tax lawyer should provide you with a clear answer about how many times you will need to meet each other.
3. Do I Need Title Insurance?
Title insurance is a form of insurance that protects the owner or lender of the property, should any errors, omissions, or discrepancies be found in the title. Different types of insurance exist to cover different types of losses, such as ones related to title fraud. Without title insurance, any issues found with the title of a property may lead to an expensive and time-consuming process of resolving the issues.
Title insurance also helps protect potential buyers and lenders from any financial losses related to hidden issues. Therefore, it is important to ask your real estate tax attorney if it is necessary to purchase title insurance in order to have coverage and peace of mind when buying a home.
Knowing the 3 Questions to Ask Your Real Estate Tax Lawyer
In conclusion, having the right lawyer to help navigate real estate tax law is essential. Finding the right real estate tax lawyer can be a daunting task. Luckily, these questions can help you to know if the lawyer you are considering is the right fit for you.
If you are looking for a knowledgeable and experienced lawyer to handle your estate tax needs, contact us today.
If you thought this article was useful, you can find more in our blog.
