Legal 1031 Exchange Services, LLC (“Legal 1031”) is a leading provider of national qualified intermediary services. Our company is a division of Kensington Vanguard National Land Services, one of the leading title insurance and settlement agencies in the United States. Our primary focus at Legal 1031 is customer service. IRC §1031 exchanges can sometimes be confusing but more so when clients are working on their first §1031 transaction. Our goal at Legal 1031 is to take the uncertainty out of the transaction and make our clients feel comfortable. Many qualified intermediaries attempt to have you fill out forms over the internet and limit your conversations. Legal 1031 takes the opposite approach – we encourage our clients to speak with us so that they feel confident and comfortable as they work through their transaction.
Legal 1031 also places a great deal of importance on knowledge and experience. The company is headed by an Attorney and a CPA who are two of the top experts in the 1031 industry. The Legal 1031 team has authored numerous articles and other material on 1031 exchanges and other tax topics, appeared on various radio programs and have been quoted in periodicals such as the New York Times. Legal 1031 is a continuing education provider for attorneys, CPAs and realtors, and is accredited by various states. The experienced principals and team of professionals at Legal 1031 are here for you whether you are a first-time exchanger, or an experienced investor engaged in a complex transaction.
Last, but certainly not least, Legal 1031 is concerned with the security of its clients’ funds. One of the main tasks of a qualified intermediary is to hold in escrow the net proceeds from the sale of the §1031 property. Unlike many qualified intermediaries Legal 1031 opens up a separate segregated escrow account for each client and receive proof of Legal 1031′s fidelity bond. We also have the ability to use “dual signature escrow accounts” where the bank must receive withdrawal instructions directly from the client, as well as the qualified intermediary, in order for funds to be withdrawn. This complies with all IRC §1031 statutes and regulations and provides the highest level of security for our clients.
Legal 1031 Exchange Services, LLC prides itself on treating each exchange as the important transaction that it is. Our experience and knowledge enables us to handle every type of exchanges, whether it is a delayed, simultaneous, reverse, or improvement. Legal 1031 is committed to giving personalized service to every client.
- Delayed and Simultaneous Exchange Structures
- Reverse and Improvement Parking Exchanges
- Segregated Escrow Accounts for each Exchange
- Dual-signature Escrow Accounts
- Fidelity Bond for Unsurpassed Security of Exchange Funds
- Unparalleled Expertise and Customer Service
- Member of the Federation of Exchange Accommodators
- Accredited Continuing Education Courses for Attorneys, CPAs, Realtors, & other Professionals
- Attorneys and CPA on Staff
- Certified Exchange Specialists on Staff