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William L. Exeter

President and Chief Executive Officer

Exeter 1031 Exchange Services, LLC

(619) 615-4210

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FOR IMMEDIATE RELEASE

 

Deferred Sales Trust Clients Can Now Borrow Against Note

Credit Line Offered Through Franklin Templeton Bank & Trust

September 18, 2009--San Diego, California--Exeter Fiduciary Services, LLC, The Estate Planning Team and Robert Binkele are pleased to announce that Franklin Templeton Bank & Trust now offers its Preferred Shareholder Credit Line to Estate Planning Team members' clients seeking to sell — not exchange — highly appreciated assets through a Deferred Sales Trust™ (DST).  The credit line will be offered through Franklin Templeton Bank & Trust.  With a Deferred Sales Trust™, buyer and seller are linked to a third party trustee. Title conveys upon closing; funds are then deposited in a trust account.

Access to the Preferred Shareholder Credit Line enables sellers to borrow up to 65% of the value of the Deferred Sales Trust™ note providing the highly prized liquidity aging baby boomers desire. Sellers can use the credit line to purchase other real estate without having to follow 1031 Exchange guidelines.

"We are pleased to offer high net worth individuals the liquidity they desire," said Robert Binkele, CEO of the Estate Planning Team. "Sellers who were once tied to a 1031 Exchange now have an IRS compliant way to defer capital gains taxes and critically important — reinvest their money. The credit line can be used to cover living expenses or purchase other assets, or the seller can buy life insurance, thereby gaining tax-free income and estate tax planning benefits.  None of these options are available in a 1031 Exchange!"

Franklin Templeton Bank & Trust will lend up to 65% of the value of the trust note, pledged as collateral for the loan, at or below the Wall Street Journal Prime Rate. The set-up for the credit line is efficient, thereby enabling sellers to meet time sensitive reinvestment commitments. Funds can be accessed via checks, wire, or by using a Platinum MasterCard. There are no fees for establishing a credit line and clients are required to pay a monthly interest-only payment with no prepayment penalties for re-paying the principal balance.  After one year, a $25 annual fee will be charged for keeping the credit line in place.

The Deferred Sales Trust™ is exclusively marketed by the Estate Planning Team, a professional based membership organization which has grown to service over 2700 securities advisors, CPAs, attorneys, insurance professionals, QI's, mortgage lenders, banks, title and real estate professionals, including Exeter Fiduciary Services, LLC. The group offers proven tax strategies, estate and pension planning, and asset protection. For more information, visit www.exeterdst.com.

Franklin Templeton Bank & Trust, a Federal Savings Bank, is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments.  Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The company, based in San Mateo, Calif. has more than 50 years of investment experience and over $451 billion in assets under management as of June 30, 2009.

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Exeter Fiduciary Services, LLC, a wholly-owned subsidiary of The Exeter Group, LLC, is a private, professional fiduciary providing you and your legal, tax and financial advisors with complete trust administration, accounting, recordkeeping, and tax reporting support services.  Exeter Fiduciary Services, LLC works in conjunction with your existing team of advisors.

Our goal is to help you minimize your risks, simplify your accounting, recordkeeping and tax reporting needs, and eliminate your regulatory compliance burdens.  We do what we do best — customized trust administration.

Exeter Fiduciary Services, LLC also provides specialty fiduciary and trust services for the real estate community such as Title Holding Trusts, Deferred Sales Trusts™ or DST, Qualified Trust Accounts for 1031 Exchanges, as well as serving as trustee under specialized trust arrangements.

Exeter Fiduciary Services, LLC is located in the national corporate headquarters office of The Exeter Group of Companies in San Diego, California.  You can contact Exeter Fiduciary Services, LLC at anytime, 24 hours a day, 7 days a week, 365 days a year.  Call Exeter 24/7 provides round-the-clock access to our senior trust advisors when you need them.

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