LAW OFFICES OF CLIFF WILLIAMS

Cliff Williams, Attorney at Law
&
Joe Angle, Attorney at Law

(not retired)
 
Just call 903-339-1374 to consult regarding Real Estate, Trusts, Probates, Wills, Evictions, Foreclosure, 1031 Exchanges.
Located at The Norman Law Firm

Joe Angle has been a trusted attorney in Jacksonville, Texas for decades and continues to serve his clients with thorough attention to detail and an immense knowledge of the practice of law. He remains at his same office in the Norman Law Firm building but has joined the practice of Cliff Williams Law Office.  This is the official law office for Attorney's Title of Cherokee County. 

LAW OFFICE IS NOW OFFERING

1031 EXCHANGE
What Is Section 1031?
Broadly stated, a 1031 exchange (also called a like-kind exchange or a Starker exchange) is a swap of one investment property for another. Most swaps are taxable as sales, although if yours meets the requirements of 1031, you’ll either have no tax or limited tax due at the time of the exchange.2
In effect, you can change the form of your investment without (as the IRS sees it) cashing out or recognizing a capital gain. That allows your investment to continue to grow tax-deferred. There’s no limit on how frequently you can do a 1031 exchange. You can roll over the gain from one piece of investment real estate to another and another and another. Although you may have a profit on each swap, you avoid paying tax until you sell for cash many years later. If it works out as planned, you’ll pay only one tax at a long-term capital gains rate (currently 15% or 20%, depending on income—and 0% for some lower-income taxpayers, as of 2022).3

Our mission is to provide client-oriented, efficient, effective and results-driven abstract services.

We are a proud agent for Alliant National Title Insurance Company and First American Title Insurance Company. 

Our Areas of Expertise Include:
 

Why Choose Us? 
 

"Incredible attention to detail. Highly knowledgeable team, best reputation. Excellent firm in seeing through a real estate transaction. I would highly recommend to any realtor or individual to help see their transaction through"

- Bernard M.

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