Lawyers Equity Exchange (“LEX”) is a California corporation established to assist investors qualify property trades for tax-deferred treatment under Section 1031 of the Internal Revenue Code.
LEX is a “Qualified Intermediary” as defined by IRS Regulations. The firm offers investors a safe, cost-effective program for facilitating all types of exchanges: forward delayed (Starker-type), simultaneous and reverse or parking arrangements. Trades are conducted throughout the United States. LEX is fully insured.
The LEX Advantage
Every exchange transaction handled by LEX gets professional level attention. LEX clients can discuss their trade with an attorney, not just intake workers and clerks. Too much is at stake to risk doing otherwise. Obtaining top level professional help doesn’t add to the cost of your exchange.
All exchange funds are held by LEX in separately segregated client accounts with the second largest commercial bank headquartered in California, one with the highest Tier 1 capital and tangible common equity ratios.
LEX does not commingle exchange funds of its clients nor with operating funds belonging to LEX. Each client account is held in a money market account with daily liquidity and is fully FDIC-insured. For a modest additional charge, clients may have joint signature power on their account for withdrawals for extra security.