What is a 1031 tax-deferred exchange?
How does it work?
What are the advantages?
Are there any disadvantages?
Why do I need a qualified intermediary?
Why choose Independent Trustees?
What is "like-kind" property?
Examples?
Time restrictions?
How do I identify property?
Can I buy replacement property first?
Are 1031 exchanges limited to real estate?
Suppose I change my mind?
What is an "exchange agreement?"
What is a "cooperation clause?"
How do I get started?
 
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WHY CHOOSE INDEPENDENT TRUSTEES?

Independent Trustees, Inc. has successfully completed Section 1031 exchanges since 1989, and currently handles 50 to 60 a month. When you choose Independent Trustees (IT) as your QI, you are provided with a turn-key operation that is backed by BB&T, a $100 billion financial institution. IT prepares all the documents associated with the exchange and works closely with the attorneys and agents for both the sale of your relinquished property and the purchase of the replacement property to assure proper handling of the proceeds. These proceeds will be deposited at your local BB&T branch, or the bank of your choice, and you will receive the interest that accrues until the proceeds are used to buy your replacement property. IT has acted as QI for regular exchanges, complex reverse exchanges and build-to-suit exchanges, and can provide up-to-date information on the best way to structure your transaction.

IT personnel regularly lecture on 1031 exchange matters, and are readily accessible to discuss any aspect of your exchange.

IT charges a very competitive exchange fee of $750. Fees for reverse exchanges and build-to-suit exchanges are higher and vary with the complexity of the transaction.

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NOTE: The content of this website is informational only. It does not constitute tax, legal or accounting advice. Each situation is different, and you are advised to seek appropriate professional advice to see if a 1031 exchange meets your needs.