Legal 1031 Exchange Services, LLC

- 175 Froehlich Farm Blvd, Woodbury, NY 11797

In the complex world of real estate investment, understanding and correctly utilizing tax codes is as crucial as identifying the right property. For investors, particularly those in the dynamic New York market, a 1031 exchange is a powerful tool to defer capital gains taxes and grow their real estate portfolio. However, the process is fraught with strict rules and tight deadlines, making a qualified and knowledgeable partner essential. This is where Legal 1031 Exchange Services, LLC, a premier provider of qualified intermediary services based in Woodbury, NY, truly stands out. They are not just a real estate consultant; they are a team of legal and tax professionals dedicated to guiding clients through every step of this intricate process.

Since 2007, Legal 1031 Exchange Services has been at the forefront of the industry, providing expert assistance to investors, attorneys, and CPAs. What sets them apart is their unique approach and deep bench of talent. They are led by industry veterans with decades of experience, including attorneys and Certified Public Accountants (CPAs). This allows them to offer a level of expertise that goes beyond that of a typical qualified intermediary. As one satisfied client, an experienced real estate lawyer, noted, their guidance on a complex reverse 1031 exchange was indispensable, as it saved their client hundreds of thousands of dollars in taxes. Their ability to "hold me by the hand and took me every step of the way" is a recurring theme in client testimonials, highlighting their patient, transparent, and client-centric approach.

The firm’s philosophy is to take the uncertainty out of the transaction. While many other firms limit communication and rely on online forms, Legal 1031 Exchange Services takes the opposite approach. They encourage their clients to call with questions and provide personalized service that makes even a novice feel comfortable. This is particularly important for New York investors, for whom a 1031 exchange can be a new or rare experience. Their team is committed to making the process transparent, providing valuable information and assistance every step of the way. This commitment to customer service and client education is a core pillar of their business.

Legal 1031 Exchange Services, LLC is located at 175 Froehlich Farm Blvd in Woodbury, NY 11797. This location in a major business park on Long Island's North Shore provides easy access for clients from across Nassau and Suffolk counties. The office is strategically positioned near major transportation routes, including the Long Island Expressway (I-495), making it a convenient destination for meetings and consultations. For clients who prefer not to travel, the firm's national reach and commitment to communication ensure that they can be served effectively from any location.

The office building is designed with accessibility in mind, featuring a wheelchair-accessible entrance and a wheelchair-accessible parking lot. This attention to detail reflects the firm's overall commitment to providing a welcoming and stress-free experience for all clients. Being based in a professional business park also underscores their focus on the strategic, business-oriented side of real estate, attracting serious investors who require a high level of professionalism and expertise.

Services Offered

• 1031 Exchange Specialists: The firm's primary service is acting as a qualified intermediary for IRC Section 1031 tax-deferred exchanges. This involves structuring the exchange, holding funds in escrow, and ensuring all deadlines and IRS requirements are met to successfully defer capital gains taxes.

• Personalized Service: They provide one-on-one, hands-on service, ensuring that each client and their unique transaction receive the highest degree of importance and attention. They are particularly skilled at helping first-time exchangers understand the process and feel confident.

• Tax Guidance: Led by attorneys and CPAs, the firm provides expert tax guidance related to 1031 exchanges. While they are not a substitute for a client's own legal or tax advisors, their in-house expertise is a valuable resource for navigating complex tax-related real estate matters.

• Title Insurance: As a division of Kensington Vanguard National Land Services, one of the nation's leading title insurance agencies, they offer an added layer of security and expertise in real estate transactions, ensuring all aspects of the exchange are handled with the highest level of protection.

• Complex Transaction Expertise: Legal 1031 Exchange Services is known for its ability to handle complicated exchanges, including reverse 1031 exchanges, which are significantly more intricate than standard delayed exchanges.

Features / Highlights

• Industry-Leading Expertise: The firm is led by top experts in the 1031 industry, including attorneys and CPAs, who have authored numerous articles and are sought-after speakers on the topic. This deep knowledge is a significant advantage for clients.

• Unparalleled Fund Security: As a subsidiary of a top ten insurance brokerage with a market capitalization of billions of dollars, they offer unmatched security for clients' exchange funds. They open separate segregated escrow accounts for each client and provide proof of their insurance, a level of protection not all competitors offer.

• Transparent and Client-Friendly Process: Legal 1031 Exchange Services is praised for its "transparent" and "empathetic" approach. They prioritize client education and open communication, making a stressful process feel manageable.

• Holistic Support for Professionals: The firm is a continuing education provider for attorneys, CPAs, and realtors, serving as a trusted resource for other professionals in the real estate and tax fields.

• Diverse Exchange Capabilities: They are equipped to handle every type of exchange, including simultaneous, delayed, reverse, and improvement exchanges, providing a versatile solution for any investment scenario.

Contact Information

Address: 175 Froehlich Farm Blvd, Woodbury, NY 11797, USA

Phone: (877) 701-1031

What is worth choosing

For any New York investor considering a 1031 exchange, the choice of a qualified intermediary is paramount. Legal 1031 Exchange Services, LLC stands out as a superior choice for several key reasons. First and foremost, their team of attorneys and CPAs provides a level of legal and tax expertise that is rare in the industry. This is not just a facilitator; it's a firm that understands the nuances of the IRS code and can guide you through complex scenarios with confidence and precision. The customer testimonials, particularly from professionals, underscore their ability to handle even the most complicated matters with ease and a "can-do" attitude.

Secondly, their commitment to fund security is unparalleled. In a process where large sums of money are held in escrow, the financial strength and insurance provided by Legal 1031 Exchange Services offer peace of mind that is invaluable. Lastly, their dedication to customer service and client education is what truly sets them apart. They make a confusing and high-stakes process transparent and manageable, acting as a trusted hand in your corner. If you are an investor looking to defer capital gains and grow your wealth through real estate, choosing Legal 1031 Exchange Services, LLC is an investment in professional expertise, security, and a seamless process.

Legal 1031 Exchange Services, LLC

175 Froehlich Farm Blvd, Woodbury, NY 11797, USA