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Difference Between a Real Estate Lawyer and a Real Estate Agent

453 Deferred Sales Trust Powered by Pennington Law | | Deferred Sales Trust
A lawyer and client shake hands, symbolizing a successful real estate deal finalized, with legal documents, a gavel, and miniature houses present on a dark wooden desk.

Are you conducting a real estate transaction? If so, you might wonder whether you need a real estate lawyer or a real estate agent to protect your rights and financial interests. Here’s what you need to know about the differences between these two types of real estate professionals. What Does a Real Estate Attorney Do? […]

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Which Assets Are Not Suitable for a Deferred Sales Trust?

453 Deferred Sales Trust Powered by Pennington Law | | Deferred Sales Trust
The image shows a close-up view of a wooden desk where a real estate agent and a client are seated. The agent, dressed in a dark suit, is pointing at a house blueprint spread on the desk. The blueprint depicts the floor plan of a house.

A deferred sales trust (DST) under Internal Revenue Code §453 (IRC) can be a powerful tool for deferring capital gains taxes on selling highly appreciated assets. However, not all assets qualify for installment sale treatment under the IRC, and using a DST with an inappropriate asset can trigger adverse tax consequences. What Makes an Asset […]

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