Joseph Bonavita Joins Legal 1031 Exchange Services Team

Joseph Bonavita Enhances Legal 1031 Exchange Services

Legal 1031 Exchange Services, LLC, known for its robust national qualified intermediary services, has welcomed Joseph Bonavita as their new exchange director for New England. In his role, Bonavita will provide guidance to clients and their advisors on IRC §1031 tax-deferred exchanges, which also encompass reverse and improvement exchanges.

Commitment to Client Success

According to Todd R. Pajonas, Esq., president of Legal 1031, Bonavita's vast experience aligns perfectly with the company’s mission in New England. Particularly in the Boston market, having a seasoned professional like Joe signifies a deeper commitment to supporting clients at a local level.

Understanding Client Needs

Matthew K. Scheriff, CPA, and executive vice president of Legal 1031, emphasized the importance of having professionals who truly understand the unique needs of clients. With Bonavita's local expertise, they believe the firm can enhance the overall experience and outcomes for those seeking assistance with their 1031 exchanges.

Expertise in 1031 Exchanges

Bonavita is well-regarded for his hands-on approach and commitment to client education. He aims to ensure that clients and their advisors are thoroughly informed about the rules and processes pertaining to 1031 exchanges. In his words, "The expertise present at Legal 1031 is unmatched. Our approach to customer service is central to providing an exceptional experience for clients."

Overview of Kensington Vanguard National Land Services

Legal 1031 is a proud division of Kensington Vanguard National Land Services, a leading name in the title insurance sector. Operating various divisions, including commercial and residential titles, Kensington Vanguard caters to a wide array of clientele, from property owners to institutional lenders. Their robust service portfolio solidifies their standing as one of the largest full-service national title insurance agencies.

Commitment to Excellence

The company’s emphasis on excellent service is reflected in the dedicated teams across its various divisions. Each unit, including the 1031 Exchange Services Division, is staffed with experts ready to assist clients in navigating the intricacies of investment property transactions. Their goal is to enable clients to defer capital gains taxes efficiently while ensuring compliance with IRC §1031 regulations.

Looking to the Future

With the addition of Joseph Bonavita, Legal 1031 Exchange Services is poised to further elevate its services in New England. The firm is dedicated to fostering informative and supportive relationships with clients, making the process of 1031 exchanges seamless. As they continue expanding their knowledgeable team, they remain committed to addressing the diverse needs of their clientele effectively.

Frequently Asked Questions

What does Joseph Bonavita do at Legal 1031 Exchange Services?

Joseph Bonavita serves as the exchange director for New England, guiding clients through 1031 tax-deferred exchanges.

Why is Joseph Bonavita's hire significant?

His extensive experience in the field enhances Legal 1031's commitment to client service in the New England region.

What is a 1031 tax-deferred exchange?

A 1031 exchange allows investors to defer capital gains taxes on the sale of investment properties by reinvesting the proceeds into similar properties.

How does Legal 1031 Exchange Services assist clients?

The firm provides expert guidance, ensuring clients are informed about the rules and processes related to 1031 exchanges.

What other services does Kensington Vanguard offer?

Kensington Vanguard offers commercial, residential title insurance, and settlement services, in addition to 1031 exchange services.

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