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1031 Exchange Assistance

 

Like-Kind Exchange Tax Deferral Solutions

East Boston Savings Bank can connect you with a Qualified Intermediary who will work with you and your advisors to provide comprehensive, like-kind exchange tax deferral solutions and strategies.
 

Security of Funds

With EBSB and the Qualified Intermediary you can rest assured that your funds are safe and all deposits above Federal Deposit Insurance Corporation (FDIC) limits are insured in full by the Massachusetts Depositors Insurance Fund (DIF). Each exchange is held in a unique escrow account, segregated from any other account.
 

Services & Approach

  • The Qualified Intermediary will work closely with you and your tax and legal advisors to efficiently and effectively complete your exchange.
  • EBSB will open a segregated escrow account for every exchange with a 100% guaranty of funds through a combination of FDIC and DIF coverage.
 

Deposits Are 100% Fully-Insured

Whether you are in Boston, New York, Chicago, or anywhere else in the U.S., the proceeds of your property sales are completely insured when you work with East Boston Savings Bank.