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Get to know Lisa Lambert
Providing the most comprehensive security mechanisms to protect our clients 1031 exchange funds. In the qualified intermediary 1031 exchange business since 1990 with over 130,000 completed exchanges.
Lisa A. Lambert, Esq. is a licensed attorney and the California Central Valley Division Manager for Asset Preservation, Inc., qualified intermediary for 1031 exchanges, in the Merced, Fresno, Tulare, Kings and Kern counties, including Merced, Chowchilla, Los Banos, Madera, Fresno, Clovis, Selma, Reedley, Oakhurst, Hanford, Visalia, Porterville, Bakersfield and Tehachapi. Click Here for my Bakersfield AR Profile.
Lisa A. Lambert, Esq. is an attorney and has served as the California Central Valley Division Manager for Asset Preservation, Inc. 1031 exchanges since 2005. She has worked in law firms in the Bay Area and Fresno primarily in the areas of insurance coverage, insurance litigation, intellectual property and business entity issues. She has a background in the areas of business entity formation, securities regulation, bankruptcy and insurance litigation. In addition to her work in the legal field, Lisa has over ten years experience in business management, training and public speaking. Lisa dedicates a significant portion of her time speaking to accountants, attorneys, real estate agents, commercial brokers and principals throughout California. She lectures on the subject of IRC §1031 tax-deferred exchanges and related tax deferral strategies. Her exchange presentations are practical and feature many real-life exchange scenarios to illustrate a wide range of investment and tax strategies. She is available for consultation on matters relating to 1031 tax-deferred exchanges. Asset Preservation, a subsidiary of Stewart Title Company, is a leading national IRC §1031 "Qualified Intermediary" and is efficiently handling exchanges in every state. Combining a national title company as a partner has proven to be the approach of choice by astute investors. Asset Preservation is one of the most respected national Qualified Intermediaries in the United States and has successfully completed over 130,000 §1031 exchanges throughout the nation. In 2007 alone, we completed over $1 billion in exchanges. We are corporate America's choice for 1031 exchanges. Education: •· University of California, Berkeley - Bachelor of Arts •· UC Hastings College of the Law - Juris Doctor Professional Involvement: •· State Bar of California - Member Real Property Section Business Law Section •· Fresno County Bar Association- Member •· Fresno County Women Lawyers - Member •· California Association of Realtors - Member •· Merced, Fresno, Yosemite Gateway, Tulare County & Bakersfield Associations Realtors •· California Escrow Association - Member •· Central Valley Escrow Association - Education Co-Chair •· Fresno Ethical Referral Network - President Call Lisa regarding any 1031 exchange question or any other related real estate matter for a free consultation.
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Lisa is well-versed in real property law, transactional law and IRC 1031 exchanges. IRC section 1031 of the tax code is one of the most misunderstood areas of real estate investing. Section 1031 of the tax code permits sellers of appreciated investment property to defer the capital gain tax the IRS would recognize on the sale if they purchase replacement investment property within 180 days.
However, there are a number of rules and grey areas in IRC section 1031 that require the investor to seek the guidance from their tax/legal advisors. One of section 1031's principal requirements is that the seller (also known as the taxpayer) cannot actually or constructively receive the proceeds from the sale of the relinquished property. Qualified Intermediaries (also known as accommodators and facilitators) are a "safe harbor" under section 1031, permitting these entities to hold the taxpayer's sales proceeds during the 180 day exchange period, preventing them from receiving the funds.
Lisa offers free consultation to attorneys, accountants, real estate professionals and investors to explore the 1031 issues that may need additional guidance from the taxpayer's legal advisor. She works closely with the advisors to make sure they have all of the technical information they need to competently advise their clients regarding the advisability of an IRC section 1031 exchange.
A 1031 exchange is not right for every taxpayer and Lisa takes great pride in making sure that the taxpayer's legal advisor have sufficient information and education to competently and confidently guide their clients through the 1031 exchange process.
Feel free to call or email Lisa regarding any 1031 exchange other real estate-related question.