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Bill Angove (Asset Preservation, Inc.) Services for Real Estate Pros

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Bill Angove
location_on Granite Bay, CA — Asset Preservation, Inc.
Get to Know Bill Angove

Asset Preservation, a subsidiary of Stewart Title Company, is a leading national IRC §1031 "Qualified Intermediary" and is efficiently handling complex commercial exchanges in every state. Combining a national title company as a partner has proven to be the approach of choice by astute investors. Asset Preservation is one of the most respected national Qualified Intermediaries in the United States and has successfully completed over 130,000 §1031 exchanges throughout the nation

Certifications

IRC section 1031 of the tax code is one of the most misunderstood areas of real estate investing.  Section 1031 of the tax code permits sellers of appreciated investment property to defer the capital gain tax the IRS would recognize on the sale if they purchase replacement investment property within 180 days.

However, there are a number of rules and grey areas that require the investor to seek the guidance from their tax/legal advisors. One of section 1031's principal requirements is that the seller (also known as the taxpayer) cannot actually or constructively receive the proceeds from the sale of the relinquished property. Qualified Intermediaries (also known as accommodators and facilitators) are a "safe harbor" under section 1031, permitting these entities to hold the taxpayer's sales proceeds during the 180 day exchange period, preventing them from receiving the funds.

Bill offers free consultation to attorneys, accountants, real estate professionals and investors to explore the issues that may need additional guidance from the taxpayer's legal advisor. She works closely with the advisors to make sure they have all of the technical information they need to competently advise their clients regarding the advisability of an IRC section 1031 exchange.

A 1031 exchange is not right for every taxpayer and Bill takes great pride in making sure that the taxpayer's legal advisor have sufficient information and education to competently and confidently guide their clients through the 1031 exchange process.

Feel free to call or email Bill regarding any 1031 exchange-related question.

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We are one of the largest QI's in the nation having completed over 130,000 exchanges. We have over 100 exchange newletters on our website to answer your questions. Don't go with the least expensive QI