CORPORATE & INSTITUTIONAL
1031 Like-Kind Exchanges
An IRC Section 1031 Like-Kind Exchange could be advantageous for owners of business or investment real estate to defer up to 100% of the capital gains and the depreciation recapture taxes that would otherwise be due upon the sale of qualifying property.
Execution means more than just completing the deal
Wilmington Trust has the experience to act as Escrow Agent needed to execute a 1031 exchange.
Escrow Agent
- Holds exchange proceeds (in compliance with IRS Regulations)
- Disburses funds based on direction from the client and the qualified intermediary
Experience guides everything we do
Service
We focus exclusively on escrow services for your exchange and collaborate with taxpayers and their advisors to structure and affect successful exchanges.
Security
Every exchange is assigned a unique, segregated bank account so that funds are never commingled with other exchanges' funds.
Benefits
We facilitate tax-advantaged transfer of qualifying assets, working with a third-party qualified intermediary and establish dedicated escrow account of trust platform maximizing safety and soundness.
Contact an experienced escrow specialist and let us guide you through the nuances of each type of escrow solution.
Wilmington Trust, N.A. does not provide legal or tax advice.
Services are available through our domestic and international affiliates. Not all services are available through every domestic and international affiliate or in all jurisdictions.
Contact a specialist
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