Celebrate with Exeter 1031 Exchange Services, LLC on 15 years of business!

“If you build it, they will come.” 

It all started 15 years ago with an idea and one person, William "Bill" L. Exeter. His expertise in the field and passion for 1031 Exchanges started him on this journey. He added Maureen H. Brown to his team one week later on February 14, 2006, and the two of them have kept it growing ever since.

Despite The Great Recession of 2008 and the Coronavirus in 2020, the business stood strong and survived. Bill's and Maureen's hard work, dedication and perseverance paid off. They have built a strong group which now includes 19 full time team members here to serve you. 

They have continued to grow and build The Exeter Group of Companies, and on June 10, 2019, they added Exeter Trust Company to the family of companies which added the additional products and services of Self-Directed IRA’s, Self-Directed Individual 401(k) Plans, Title Holding Trusts (Land Trusts), Specialty Holding Escrows and Custody Services, all focused on Alternative Investments or non-traditional assets.  

Built To Endure - A Better Self-Directed Experience 

A better experience comes from knowing you’re working with a regulated trust company and not just a third-party administrator or processor. A regulated trust company that has the requisite experience and expertise in real estate transactions and closing/settlement processes as well as those products and services offered. One that can consult and collaborate with investors’ legal, tax and financial advisors. 

A firm with significant amounts of fidelity bond coverage, errors and omissions insurance and equity capital. Where trust administrators have decades of experience and have weathered the winds of change.  The Exeter Group of Companies is truly Build To Endure. 

Go Ahead, ASK! Podcast | Unraveling the Mysteries of 1031 Exchange - Part I

1031 Exchange transactions are often complex and confusing.  We demystify what qualifies and what doesn’t on Go Ahead, ASK! Podcast.  

Discussion on Episode 01 of Go Ahead, ASK! includes how to choose a Qualified Intermediary, what qualifies for tax-deferred exchange treatment under Section 1031, Qualified Trust Accounts, and what properties are considered like-kind. Join us now....

Go Ahead, ASK! Podcast by The Exeter Group.  Unraveling the Mystery of 1031 Exchanges - Part I. 

1031 Exchange Qualified Intermediaries (Accommodators) Are Not Created Equal

Taxpayers often think 1031 Exchange Qualified Intermediaries are all created the exact same – but Qualified Intermediaries are absolutely not created equal – and the differences can be significant and crucial.  Were you aware that there is absolutely no regulatory body or government agency oversight available for Qualified Intermediaries, and that only about one percent of Qualified Intermediaries are licensed, regulated, audited and have minimum equity capital requirements?  That is very scary when you think about how much client funds they are holding for taxpayers' 1031 Exchange transactions.  

I have seen many 1031 Exchange Qualified Intermediaries go under over my 35 year career in the 1031 Exchange industry and most of those could have been avoided had there been any kind of regulatory or governmental oversight and audit of those Qualified Intermediaries. 

Qualified Intermediaries are an extremely crucial part of any successful 1031 Exchange transaction.  They have three (3) very important responsibilities, which include preparing the 1031 Exchange agreements and documents to properly structure the taxpayer's 1031 Exchange, working with the taxpayer and their advisors to ensure a successful 1031 Exchange transaction and probably the most important responsibility – hold, protect and safeguard taxpayers' 1031 Exchange funds. 

Taxpayers should be diligent when evaluating and selecting a Qualified Intermediary since they hold significant amounts of 1031 Exchange funds. 

Governmental Regulatory Oversight Ensures Safety and Soundness 

Government oversight by a regulatory body, such as the State Division of Banking, State Department of Financial Institutions, Office of the Comptroller of the Currency (OCC) or the Federal Reserve, will ensure that the 1031 Exchange Qualified Intermediary is operating in a safe, sound and secure manner.  This is very important since they have such tremendous fiduciary responsibilities.  The vast majority of Qualified Intermediary failures could have been prevented through this governmental oversight and audit. 

Qualified Trust Accounts Protect Investors’ Funds 

Qualified Intermediaries should deposit, hold and safeguard taxpayers' 1031 Exchange funds in separate, segregated Qualified Trust Accounts or Qualified Escrow Accounts.  The court ruled in the LandAmerica 1031 Exchange bankruptcy case that the 1031 Exchange funds held by LandAmerica 1031 Exchange were corporate (not client) funds and were subject to the creditor claims in the bankruptcy since the monies were not held in Qualified Escrow Accounts as authorized by the Department of the Treasury Regulations.  Qualified Escrow Accounts clearly delineate 1031 Exchange funds as fiduciary (client) funds and not corporate funds in the event the 1031 Exchange Qualified Intermediary files for either voluntary or involuntary bankruptcy. 

Exeter Trust Company

Exeter 1031 Exchange Services, LLC deposits, holds and safeguards its clients' 1031 Exchange funds in separate, segregated Qualified Trust Accounts at Exeter Trust Company.  Exeter Trust Company is licensed, regulated, and audited by the Wyoming Division of Banking.  It is required to maintain significant levels of equity capital.  

Bonding, Insurance and Equity Capital Provide Financial Strength and Stability

1031 Exchange Qualified Intermediaries’ should provide substantial levels of fidelity bond coverage, errors and omissions insurance coverage, fiduciary insurance coverage and maintain substantial equity capital as an added and appropriate safety net for errors or losses in a 1031 Exchange transaction.  Taxpayers should always evaluate the methods and processes put in place by the Qualified Intermediary to track, monitor and protect 1031 Exchange funds through internal controls, checks and balances. 

There is Absolutely NO Substitute for Experience 

Taxpayers need more than just a 1031 Exchange transaction processor.  Taxpayers should be able to go to a 1031 Exchange Qualified Intermediary for advice and guidance on the absolute best practices in the administration of 1031 Exchange transactions.  Interview the Qualified Intermediaries that you are looking at to ensure the administrators have the technical depth, experience and expertise necessary for the administration of 1031 Exchange transactions.  Taxpayers need assistance, so the 1031 Exchange Qualified Intermediary should be willing to work with the investor and their legal and tax advisors to ensure a successful 1031 Exchange transaction. 

Exeter 1031 Exchange Services, LLC Expands Into Chicago Illinois

1031 Exchange Services Group Expansion Continues

Exeter 1031 Exchange Services, LLC announced plans to continue its nationwide expansion of its 1031 Exchange Services Group into other important geographic markets, including Chicago, Illinois.

Exeter 1031 Exchange Services
Expands Into Chicago, Illinois

Exeter 1031 Exchange Services, LLC previously announced that Lauren Speidel had joined the company's Business Development Team and is responsible for the sales and marketing activities in the Midwest Region, including Chicago, Illinois.

New Midwest Regional Office in Chicago, Illinois 

Exeter 1031 Exchange Services, LLC's
Midwest Regional Office
Chicago, Illinois

Lauren Speidel will be opening the company's new Midwest Regional Office in Chicago, Illinois located at 1136 South Delano Court, Suite B201, Chicago, IL 60605.  Lauren will be
responsible for sales, marketing and client relationship management for the Midwest Region, including, but not limited to, Chicago, Illinois, Wisconsin, Minnesota, Michigan, Ohio, Indiana, Iowa, and Missouri.

What is a Qualified Intermediary?

Need to quickly learn what a Qualified Intermediary is and what role they play in a 1031 Tax Deferred Exchange? Welcome to the next episode of Exeter Tax Deferred Solutions' White Board Videos, which will help you learn the 1031 Exchange basics quickly. View the entire series of The Exeter Edge White Board Videos.