Introducing A Better Way To Do Starker 1031 Exchanges It Is Better For You – And Better For Your Clients

Meet the Founder

John Galley

Founder

For decades, John Galley was a licensed Real Estate Attorney in Illinois and Wisconsin. He is a cum laude graduate of Dartmouth and received his law degree from IIT/Chicago-Kent College of Law.


A Starker Exchange legal writing assignment in law school marked the beginning of his interest in 1031 Exchanges. And this eventually led to the formation of his 1031 Exchange Qualified Intermediary Company.


Specific Exchange Credentials

  • Has acted as a Qualified Intermediary for decades doing thousands of 1031 Exchanges.
  • Schooled by the two lawyers who wrote the 1991 Exchange regulations for the IRS and Treasury Department.
  • Charter Member of the Midwest Chapter of the national Federation of Exchange Accommodators (FEA).
  • Faculty for State Bar CLE presentations.
  • Exchange Presentations on behalf of eight State Bar Associations.
  • Featured Exchange Presentations at several American Land Title Association (ALTA) annual conventions.
  • Consultant and Expert Witness for 1031 Exchange lawsuits.
  • Published Exchange Articles in Title News (the official publication of ALTA), the Illinois Real Estate Journal, the Maine Lawyers Review, the Maine Business Monthly, and a published interview in Lawyers Weekly USA.

Testimonials

I first met John through a mutual attorney friend. As I learned of his exchange capabilities, I was more than impressed. Being one of the charter members of the Legal Division at the American Land Title Association (ALTA), I knew John could be a great resource for all the Association members. The relationship blossomed through several ALTA Convention presentations. I’m proud to have been the catalyst for this relationship.

Ray Stilwell, Esq. Alton, IL
Jan 23, 2025

Following his presentations in both Madison and Milwaukee, many practitioners came forward to tell me that John gave the best presentation they had ever heard on the topic. As one written evaluation stated, “Mr. Galley capably translated a complex area of the law so it was timely, relevant, understandable, and useful for those of us who do transactions. The written materials will be a very valuable resource back at the office. He should be invited back every year!” I couldn’t agree more.

Steve Rindo, CLE Seminar Program Planner, Wisconsin State Bar
Jan 23, 2025

Article

Administrative Details and Trustee Bank Overview

Administrative Details & Trustee Bank Overview

An Exchange has two major events. The first is the Closing for the Exchanger’s sale of what is called “the relinquished property” – to be followed in time (no more than 180 days) by the Closing of the Exchanger’s purchase of the “replacement property”. A significant set of paperwork is necessary for the first Closing – and a smaller set for the second Closing. And in between these two events, the sales proceeds are held “in trust” for the Exchanger with an Exchange Trustee Bank.


When you have an Exchange assignment from a Client, you will need to fill-out an Exchange Information Sheet for the first Closing (which we will provide) and return it to Attorney 1031. (A similar procedure will be necessary for the second Closing.)


ALL of the necessary paperwork will then be custom-drafted by the Attorney 1031 team and distributed to all necessary parties for each transaction. A cover letter will describe exactly how to process the paperwork for each Closing – and the funds from the first Closing.


Your Exchanger will have a separate, sub-account within the Attorney 1031 Master Exchange account at the Trustee Bank. Individual Exchanger Funds are never co-mingled with any others.


To maximize Money Safety, we use a “dual signature” procedure for the transfer of any monies out of the Exchanger’s sub-account. One signature is on behalf of Attorney 1031 (thus eliminating any issue of “constructive receipt” for your Client). And the other signature is someone designated to sign on behalf of the Client. The identity and confirmed signature of this person is provided to the Trustee Bank and is unknown to Attorney 1031. We will provide you with the form and instructions on how to do this. No monies can be transferred anywhere without this procedure having been initiated and completed. So bottom-line; you and your Client must know and approve of ANY transfers of money.


We pioneered this Dual Signature approach decades ago – and now it is required by most states who license Qualified Intermediaries

Seize the Opportunity

An Offer You Shouldn’t Refuse

If you keep doing what you’re doing – you’ll keep getting what you’re getting. And when it comes to being recognized and rewarded for the important role you play in a 1031 Exchange for your Client, right now that is basically nothing.


Now you have a better option when you affiliate with Attorney 1031. You can receive a significant $500 Referral Fee and “real-world Exchange coaching and mentoring” from an experienced practitioner with decades of Exchange experience doing both Exchanges and their underlying sales and purchases.


When it comes to choosing a 1031 Exchange service provider for your Clients, you have choices. So why not effectively chose yourself IF you have a relationship with Attorney 1031? (This is not unlike the relationship attorneys have in many jurisdictions where they have become title agents – and have learned to place a necessary title order with themselves.) Both you and your Clients will benefit.

Claim Your Important BONUS BENEFITS Now

While you wait for a 1031 Exchange to refer to us and to receive the $500 Referral Feeyou will have earned and deserve, there is a package of unique benefits you can receive from us – but only if you act immediately.


  • In exchange (no pun intended 😊) for engaging with us immediately, we will increase your Referral Fee to $1,000 for the first Exchange you refer. This is a “one-time only” event, but I think you would agree it is a Bonus that demands your interest and respect and acts as an incentive to experience our superior service for yourself and your Clients.
  • You will receive a group of useful documents you can share with your Clients. These include; 
  1. A diagram – with explanation – of the exact steps that take place in a 1031 Exchange. 
  2. A document that will help Clients make a calculation on how much in taxes they can defer with the Exchange technique. 
  3. A “Q &A 1031 Exchange Primer” for Clients that addresses and answers the usual questions they have – and in easily understood language.
  • You will receive a FREE Subscription to Your Legal Marketing Mentor newsletter. It is a weekly newsletter written by our Founder, John Galley, that helps attorneys with what they didn’t teach you in law school – which is “How to successfully market your law practice and make a good living doing it.”

Will this newsletter contain content that will be worth reading and mastering? Consider this quote from David Gardner, "The long-time owner of highly-regarded Boyd’s Direct Marketing:"


“John is by far the most knowledgeable marketing person in the legal space I have ever delt with. Any attorney can benefit from his wealth of legal marketing knowledge and acumen.”


Bar Associations and Attorney/Agent Title Companies have had John speak to their Members on the subject of law practice marketing. This transforming information could put your practice profits on steroids – and it’s being provided to you with our compliments.


Having a relationship with Attorney 1031 is more than just having a Q.I. relationship. We are also a Career Success Resource.

What should you do next?

To qualify for the immediate Bonuses – and for the one-time Bonus of $1,000 for your first referred Exchange – you must respond ASAP. You are only committing to having a “dialogue” with us – and that isn’t too much of a quid pro quo to ask, is it?


How do you respond and qualify? It’s easy. Simply send an email to [email protected] with the subject line “Send My Bonuses”. Then be sure to whitelist our email address so what we send in return will not end-up in your Junk Folder instead of your Inbox. (This is important, so do it now while you are thinking about it.)


Simply put, we can’t help you with our Bonuses if you won’t help yourself by taking action now. We look forward to hearing from you in a timely manner – and having a mutually beneficial, professional relationship with you.

Attorney 1031

A significant Referral Fee recognizes and rewards your meaningful 1031 Exchange contribution.

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