Legal 1031 Exchange Services, LLC, a leading provider of national 1031 exchange qualified intermediary services, is a direct subsidiary of Kensington Vanguard National Land Services, the largest independent title company in the United States. Our parent company, TIH, is one of the largest wholesale insurance distributors in North America with a market capitalization of over $15B. TIH’s subsidiary, CRC Group, places more than $40 billion in annual property and casualty insurance premiums and partners with over 650 carriers.
Our strong corporate backing allows Legal 1031 Exchange Services, LLC to offer exceptional financial security, ensuring the safety of our clients’ exchange funds. Exchange accounts held by Legal 1031 are protected by a $50 million Fidelity Bond and a $100 million errors and omissions policy, backed by a company with a $15 billion market capitalization.
Security You Can Trust
At Legal 1031 Exchange Services, LLC, the safety and security of our clients’ exchange funds is our top priority. We have robust financial protections, and stringent operational protocols, to provide unparalleled peace of mind throughout the exchange process.
Unmatched Financial Security
Our clients’ funds are protected by industry-leading safeguards, including:
- $50 Million Fidelity Bond: This ensures comprehensive protection against potential risks which provides our clients with confidence in the safety of their funds.
- $100 Million Errors & Omissions Insurance: This policy underscores our commitment to accountability and precision, protecting clients from potential mistakes or oversights.
Stringent Fund Management
We take a meticulous approach to managing client funds:
- Dedicated Escrow Accounts: All 1031 exchange funds are held in segregated money market escrow accounts, identified with the client’s name and taxpayer identification number, ensuring transparency and preventing co-mingling of funds.
- No Investments: Legal 1031 does not “invest” exchange funds; we prioritize the preservation of principal over all else.
Controlled Disbursement Protocols
Disbursement of exchange funds is subject to multiple layers of verification:
- Written Authorization: All disbursements require formal written instructions.
- Verbal Confirmation: Additional verbal confirmation ensures the authenticity of every funds request.
Advanced Security Measures
We incorporate the latest technology and best practices to safeguard client information and funds:
- Encryption and Secure Systems: Client’s data and communications can be encrypted and protected by advanced cybersecurity measures
- Regular Audits: Our systems and processes undergo regular internal and external audits, ensuring compliance with rigorous financial and operational standards.
A Commitment to Transparency
As part of a large organization with significant financial oversight, we operate with a level of transparency and accountability that sets us apart. Clients can trust that their funds are handled with the utmost integrity, supported by stringent internal controls and independent audits.
Your Partner in Security
At Legal 1031 Exchange Services, LLC, we understand that trust is earned through action. Our comprehensive security protocols and financial protections are designed to provide our clients with confidence and peace of mind. Equally important, we pride ourselves on offering a personalized, “hand-holding” approach to customer service, ensuring that you feel supported and informed throughout every step of the exchange process. When you choose Legal 1031, you are choosing a partner who prioritizes your success and security at every turn.