Perfecting the Exchange Strategy
The Velocity View

Between the practice of real estate and tax law lies the tax deferred exchanging niche. And while the focus may be narrow, the effects of how individual exchange strategies are developed and perfected cannot be overstated.

Depending upon what informed source you choose to poll, within the 1031 exchange vertical, David Shechtman is clearly one of very few select, legal resources which is respected by literally everyone.

A past President of the ABA taxation section on Exchanges, Sales and Basis, David is the guy to query when you need the ultimate answer from the best in the business.

When it comes to a specific exchanging approach, we rely heavily upon his guidance, and so should you.

Flaster Greenberg Firm Link

DAVID SHECHTMAN

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Washington state law, RCW 19.310.040, requires an exchange facilitator to either maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or to hold all client funds in a qualified escrow account or qualified trust that requires your consent for withdrawals. All exchange funds must be deposited in a separately identified account using your taxpayer identification number. You must receive written notification of how your exchange funds have been deposited. Your exchange facilitator is required to provide you with written directions of how to independently verify the deposit of the exchange funds. Exchange facilitation services are not regulated by any agency of the state of Washington or of the United States government. It is your responsibility to determine that your exchange funds will be held in a safe manner.


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