Legal 1031 Exchange Services

Legal 1031 Exchange Services, LLC is a qualified intermediary for IRC Section 1031 tax-deferred exchanges, working nationally with investors and with the attorneys, CPAs and financial advisers who bring them. Its team includes attorneys, CPAs and tax professionals, and it says it has provided qualified intermediary services since 2007.

The company handles delayed, simultaneous, reverse and improvement exchanges. As intermediary it holds the net proceeds from the sale of the relinquished property, and states that it opens a separate segregated escrow account for each exchanger and forwards proof of its fidelity bond and errors and omissions policy. It is explicit that, as a qualified intermediary, it can explain the exchange process and its own services but cannot give tax or legal advice. Alongside the transaction work it publishes capital gains, deadline and disaster extension calculators, educational videos, customisable handouts and disaster relief notices, and is an accredited continuing education provider for attorneys, CPAs and realtors in several states.

Legal 1031 is a division of Kensington Vanguard National Land Services, a title insurance and settlement agency. Both moved from Truist Insurance Holdings to CRC Group in early 2024; the site describes CRC Group as the fifth-largest insurance brokerage in the United States, with a market capitalisation of $15.5 billion. Processing runs from the New York office in Woodbury, with further offices in Arizona, Florida, Illinois, Massachusetts, New Jersey, New York, North Carolina, South Carolina, Texas and Virginia.

Fees are not published, and neither is the bank where exchange funds are deposited. Anyone opening a file should ask for the fidelity bond and errors and omissions certificates, the terms of the segregated account and the fee schedule for the specific exchange type before the relinquished property closes.