Legal 1031 Exchange Services, Inc. is a leading provider of national qualified intermediary services. 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 try 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 principals of Legal 1031 are some of the top Attorneys and CPAs in the 1031 industry. The Legal 1031 team have written countless articles on 1031 exchanges, 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 experience of our principals and our team at Legal 1031 are here for you.
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withdrawal instructions directly from the client, as well as the qualified intermediary, in order for funds to be withdrawn.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, Inc. 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
- Certified Exchange Specialist on Staff