My client wanted to use the Exchange rules as a tactic to accomplish a specific goal. His accountant said it couldn’t be done. John said it could be done and documented his position with written proof. You have to appreciate a response like that.
Most practitioners only encounter Exchanges periodically. When they do, they need someone who can provide understandable and useful advice. I rely on John to fulfill that need.”
In Chicago, there are many properties that present exchange opportunities, so I need intermediary services on a regular basis. I’ve done more than 18 of them, in fact. John is always responsive and has the right answers.
What do I value most about working on exchanges with John? You can’t put a price on being able to discuss the nuances of an exchange directly with John, attorney to attorney. In addition to knowing exchanges, he has been in the trenches of real estate deals for decades.
Many of my exchanges are multi-million-dollar transactions, so client money safety is very important to me. John’s excellent Exchange Trustee Bank allows me to sleep very well at night.
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.
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.