When it comes to managing your next 1031 exchange in real estate, trust Luxe Stone Exchange Services to deliver unparalleled expertise and exceptional service. Our team of seasoned professionals is dedicated to ensuring your 1031 exchange is seamless, efficient, and compliant with IRS regulations. Luxe Stone Exchange Services stands out in the industry for its deep understanding of the complexities involved in 1031 exchanges, offering personalized strategies that maximize your investment potential while minimizing tax liabilities. With a proven track record of successful transactions and a commitment to client satisfaction, Luxe Stone Exchange Services is your go-to partner for navigating the intricate landscape of real estate exchanges. Trust us to handle your next 1031 exchange with the utmost precision, professionalism, and dedication to your financial success.
- Depository banks holding exchange funds are FDIC insured and highly rated (only 4-5 star Bauer ratings)
- Banks are evaluated quarterly on the Bauerfinancial.com and reviewed for compliance
- All funds are held in segregated accounts limited to the activities of a single client
- Client funds are never commingled with other clients funds or with Accruit’s own assets
- FDIC insures $250, 000 per Exchanger
- Qualified escrow account can be opened on request
- Account information for segregated accounts where funds are held is kept confidential
- Depository banks require multi-factor authentication for secure account access
- All outgoing wire instructions are verbally confirmed by a member of the Finance team with the beneficiary, i.e., Title Company or Exchanger
- Receipt of funds verbally confirmed by a member of the Finance team with beneficiary within 24 hours of the initial wire
- Dual authorization is used to process outgoing wires and ACH payments (posting & approving)
- All accounts are set up with Positive Pay to prevent fraudulent checks an ACH Debit Blocks to prevent unauthorized debits to the account
- Exchange funds are always liquid, held in demand deposit accounts, and available at client direction for acquisition of Replacement Property
