When it comes to dealing with a property in a trust after a parent’s passing, things can get complicated, especially when multiple siblings are involved. One common scenario is when one sibling wants to keep the family home while others prefer to sell their share. As a real estate agent with extensive experience in trust …
Navigating a Sibling Buyout: How to Fairly Purchase a Parent’s Home in a Trust Read More »
Liquidating an estate is a significant responsibility for trustees, requiring careful management and adherence to the trust’s terms. To ensure a smooth process, trustees must understand the trust document, accurately inventory and appraise assets, settle any outstanding debts, and strategically liquidate the estate’s holdings. Finally, distributing proceeds to beneficiaries according to the trust is crucial. This concise guide outlines the key steps trustees should follow, helping them fulfill their duties efficiently while navigating the complexities of estate liquidation.
Losing a spouse is one of life’s most challenging experiences. Amidst the emotional turmoil, there are practical matters that must be addressed, including updating your revocable living trust. One critical step in this process is obtaining a fair market valuation or a date of death appraisal for your real estate assets. Understanding why this is necessary and how it can be done efficiently will help you navigate this difficult time with greater ease and clarity.
A few reasons why you may want to have a Fair Market Valuation on a property: Estate Settlement When a loved one passes away and leaves behind real estate property, the Fair Market Valuation is used to determine the property’s value at the time of the individual’s death. This valuation is essential for estate settlement, …
A fair market valuation, also known as a comparative market analysis (CMA), is an important process that real estate agents use to determine the value of a property. This valuation helps sellers set an appropriate listing price and assists buyers in making informed offers. Here are the essential steps involved in conducting a fair market …
How we determine the Fair Market Valuation for your home Read More »
Inheriting a property can be both a blessing and a challenge. While it can bring a sense of emotional attachment and nostalgia, it can also come with numerous practical considerations. If you find yourself in this situation, a real estate agent can be your guiding light through the complex process of selling an inherited house. …
How a Real Estate Agent can help you with selling an inherited property Read More »
In the heart of Oakland, California, a unique and challenging real estate situation unfolded involving a duplex property held in probate with tenants who were unwilling to vacate. This is the story of how I worked to navigate the complexities of this situation, ultimately convincing the executor of the estate, John Thompson, to sell the …
Case Story: A Delicate Balancing Act: Selling a Probate Duplex in Oakland, California Read More »
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