Legal 1031 Exchange Services, LLC (“Legal 1031”) is a premier provider of national qualified intermediary services. As a division of Kensington Vanguard National Land Services (“KV”), one of the leading title insurance and settlement agencies in the United States, we offer unparalleled expertise and reliability.
Our parent company, TIH, formerly Truist Insurance Holdings, a subsidiary of Truist Financial Corporation (NYSE: TFC), has transitioned into a standalone company as of Spring 2024. TIH is the seventh largest insurance brokerage in the United States, with an impressive market capitalization of approximately $15.5 billion.
Our primary focus at Legal 1031 is unwavering customer service, providing our exchangers and their advisors with exceptional qualified intermediary services. IRC § 1031 exchanges can sometimes be confusing, but even more so when exchangers are working on their first 1031 exchange. Our goal at Legal 1031 is to take the uncertainty out of the transaction and make our exchangers feel comfortable. Other qualified intermediaries require you to complete various forms over the internet and limit your communication during the transaction. Legal 1031 takes the opposite approach – we encourage our exchangers to speak with us and call with questions at their convenience, so they can feel confident and comfortable as they work through their 1031 exchange. Legal 1031 has a reputation among investors and their advisors for being client friendly and accessible. Our transformation into an independent company, under the leadership of top business investment firms will only boost our capability to deliver the same high level of individualized service on a much larger scale.
Legal 1031 also greatly values knowledge and experience. Led by President, Todd R. Pajonas, Esq., and Executive Vice President, Matthew K. Scheriff, CPA, CES, both individuals are two of the top experts in the 1031 industry and have been working in the industry for over 25 years. 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 in several states. The experienced team of attorneys, CPAs, and 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 firmly values the security of its exchangers’ funds. As a subsidiary of Kensington Vanguard and the fifth-largest insurance brokerage in the United States, our exchangers’ proceeds are always insured and protected with the highest levels of security. 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 other qualified intermediaries, when starting a new transaction Legal 1031 opens a separate segregated escrow account for each exchanger and forwards proof of their insurance / fidelity bond. Funds are never comingled.
Legal 1031 prides itself on treating each exchanger and each individual exchange with only the highest degrees of importance and customer service. Our experience and knowledge enables us to handle every type of exchange, whether it is a delayed exchange, simultaneous, reverse, or improvement exchange. Legal 1031 is committed to giving personalized service to every one of our exchangers. We recommend that you browse our website and various online resources to learn more about the exchange process and meet our experienced team of professionals.