Blog – St. Louis Real Estate Lawyer

St. Louis Real Estate Lawyer

WHAT IS A STEP UP BASIS?

What is a Step-Up in Basis? A step-up in basis is the readjustment of the value of an appreciated asset for tax purposes upon inheritance. The higher market value of …

St. Louis Real Estate Lawyer

ASSIGNMENT OF CONTRACT

Assignment of contracts is the legal transfer of the obligations and benefits of a contract from one party, called the assignor, to another, called the assignee.3 What assignment of a …

St. Louis Real Estate Lawyer

1031 EXCHANGE

A 1031 Exchange, also called a Starker Exchange or Like-Kind Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. This is, perhaps, even more …

St. Louis Real Estate Lawyer

AGENCY LAW

The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is …

St. Louis Real Estate Lawyer

WHAT IS A LIFE ESTATE?

The phrase “life estate” often comes up in discussions of estate and Medicaid planning, but what exactly does it mean? A life estate is a form of joint ownership that …

St. Louis Real Estate Lawyer

WHAT IS DOWN ZONING?

Down zoning is the process by which an area of land is rezoned to a usage that is less dense and less developed than its previous usage. This is typically …