Trustee Robert Didn’t Want to Travel
Just a quick story to remind you how I can best help… Trustee Robert lives in Troy, New York; quite a distance away from his brother’s home in the estate. Because he was 87 years old, Robert asked his New…
Understanding EINs for Executors, Administrators, and Trustees in Real Estate Sales
Do You Need a Tax ID Number When Selling Probate or Trust Real Estate? If you are an executor, administrator, or trustee selling real estate as part of a probate or trust administration, the short answer is yes. In most…
Five Things to do Before the First Buyer ever Sets Foot in the Home
Getting a probate property or home in a trust ready to sell involves more than cleaning. Before the first showing, we recommend completing these five steps to protect the estate and increase the odds of a successful sale: Secure…
Navigating Probate Real Estate with Confidence
The sale of real property during probate can be a daunting task for the personal representative. Probate real estate sales require a level of expertise that extends beyond traditional transactions, and that's where a Certified Probate Real Estate Advisor (CPREA)…
Three things to consider as the executor of an estate
You have been asked to be the personal representative. As the personal representative you have been appointed by provisions expressed in your loved one’s Will, or thorough the Probate Court. You may consider this position an honor but it can…
Successful Negotiation After an Inspection: What’s Fair and What Isn’t
Once a home is under contract, inspections begin. The buyer typically starts with a general home inspection that costs around $600, and depending on the findings, may be advised to bring in specialists such as plumbers, electricians, or roofers. This…
Managing Personal Belongings and Shipping After Death
When settling an estate, sending things cross-country after death can be challenging. There are a number of ways that these items can be safely transported after someone has passed away. Determining what needs to be shipped is the first step;…
Susan and Bill Honor Their Brother
Just a quick story to remind you how we can best help… Susan and Bill received the sad news that their brother Charles had passed away. The siblings live in Kansas, and as co-administrators of the estate, they were wondering…
Do I need a tax identification number when selling real estate in probate or a trust?
The simple answer is “yes”, a tax identification number or EIN (employer identification number) is necessary when acting as an Inland Empire & High Desert executor, administrator or trustee. How is a Tax Identification Number different than a Social Security…
Executors & Administrators of Probate Decision Making
In the past few months I’ve spoken with several Executors and administrators who are responsible for a property in probate and they were confused about whether the best decision is to sell the estate home directly to a cash investor…
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