With Brookline Bancorp 1031 Exchange Services as your Qualified Intermediary you can rest assured that your funds are safe. Each exchange is held in a unique escrow account, segregated from any other account. By design, any movement of funds from the escrow account requires your direction and signature. Most importantly, all deposits above FDIC insurance limits are insured in full by the Massachusetts Depositors Insurance Fund (DIF).
IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.