August, 2014

The Law Firm represented a client in the closing of the multi-million dollar sale of a Texas Hill Country ranch. The closing necessitated resolving concerns and conflicts of multiple sellers of the subject real property and the Buyer’s need to simultaneously complete an IRC section 1031 Exchange. The Law Firm was able to avoid the client’s unnecessary exposure to capital gains taxes resulting from improperly-prepared closing documents. The client’s expected tax savings well exceeded the fees paid the Firm by the client and avoided a potential dispute between sellers as to the proper taxable party.