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., in the Merced, Fresno, Tulare, Kings and Kern counties, including Merced, Chowchilla, Los Banos, Madera, Fresno, Clovis, Selma, Reedley, Hanford, Visalia, Porterville, Bakersfield and Tehachapi. Please my Main AR Profile and Blog Here.
Lisa has over ten years experience in business management, training and public speaking. In addition, she has knowledge in the areas of business entity formation, securities regulation and insurance litigation. She dedicates a significant portion of her time speaking to accountants, attorneys, real estate agents, brokers and principals throughout California. She lectures on the subject of IRC §1031 tax-deferred exchanges and related real estate matters. Her exchange presentations are practical and feature many real-life exchange scenarios to illustrate a wide range of investment and tax strategies.
Asset Preservation, a subsidiary of Stewart Title Company, is a leading national IRC §1031 "Qualified Intermediary" and is efficiently handling complex commercial 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.
Lisa received her Bachelor of Arts degree from the University of California, Berkeley and she was awarded her Juris Doctor degree by the University of California, Hastings College of the Law.
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 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 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
Education is the single most important element in making wise decisions regarding investment real estate. Add me to your real estate investment team!! Secure 1031 Exchanges make the difference.