We assist in

Paymaster & Escrow Services

PING AN offers Paymaster and Escrow services to many clients, both domestic and foreign.
Various transactions involving such areas as real estate as well as in various commodities, such as note transactions, oil, jet fuel, gold and diamond transactions.

 

Some transactions are simply too large to handle with checks or other conventional means. Escrow services handled through a lawyer paymaster reduce the risks involved with transferring large sums.

 

All such transactions must be compliant with federal authorities including the U.S. Treasury Department and Homeland Security.

 

We assist and work with such clients to ensure prompt payment of their fees within the guidelines
of governmental authorities and regulations.

 

About Paymaster Services

 

A paymaster is a trustworthy individual who acts as a neutral third party in a transaction where there is an escrow agreement. Their responsibilities are to:

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1. Receive funds from the buyer

2. Maintain funds in escrow

3. Disburse funds to the seller

4. Handle IRS forms and tax-related paperwork

All this is done in strict compliance with federal regulations.

 

As such, it’s advantageous to opt for our attorneys to act as paymaster in your transaction since we’re intimately familiar with the codes, laws, regulations, and best practices involved in these kinds of exchanges.

 

Types of Transactions We Handle

 

Escrow services are typically reserved for high-value transactions that would be too risky to handle through banks or other conventional means. Among the transactions we handle are:

 

1. Real estate purchases

2. Commodities trading, such as oil or gold

3. Financial instruments

4. IT Services

 

Handling the transfers of funds in these transactions is best done by creating an escrow agreement in which the funds are handled by a reliable third party. With this agreement, sellers can be confident that there are sufficient funds to complete the transaction, while buyers are more certain to receive the goods or property being sold—all in accordance with the strictest legal standards.

 

With our considerable experience in financial instruments, commodities trading, and similar transactions, we at PING AN are well equipped to provide the utmost security when it comes to holding and transferring funds.

Contact us today to discuss your needs and how we may assist.