The Fountain of Youth does not exist; We all are going to die!
It’s true we are all going to die and many times as the result of a death people become an heir to an estate. Sometimes by themselves or in other situations as a group of individuals with defined interests in a property.
Good planning by persons prior to death can save money, time and be extremely beneficial in the property transfer process. A good starting point is performing a marketability analysis to identify needed repairs or improvements that will enhance a sale for market value. Sometimes people are overly frugal and fix up actions are taken after a person has passed from estate monies and become a burden to the survivors. The property review can show things you can do now and enjoy in your remaining years from your equity.
True Life Real Estate Solutions is not a law firm and cannot provide legal advice on your property transfer strategy. However, we can guide you to estate lawyers who can help you create a property transfer plan and then serve as the professional Real Estate Firm that sells your property and distributes the net proceeds to your wishes. A documented plan avoids family strife and ensures the position “this is how they wanted it”.
In addition, if you find yourself in the position of being an Estate Trustee or heir to an estate we can help you understand the sale of real property within an estate and secure the net proceeds. Selling the real estate of a deceased person is often complicated and may need to follow court procedures with numerous documents needing proper notarized signatures. We can help you market the property, prepare the purchase documents, and sell the property to a buyer. At the closing table we can assist you in making sure the net proceeds follow the proper distribution schedule of the estate.
Whether you are preplanning a future property sale or find yourself in inheriting an estate and have interest in selling it, feel free to contact us. We will assist you in identifying a strategy for successful outcome.