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Executor vs. Trustee: Who Has the Authority to Sell the Home?

When a loved one passes away, one of the first questions families often ask is, "Who has the legal authority to sell the house?" The answer depends on how the property was owned before death. Many people use the terms executor and trustee interchangeably, but they are very different roles with dis
Executor's Guide to Selling an Estate Home

Being named as the executor of an estate is both an honor and a significant responsibility. In addition to carrying out the wishes of the deceased, executors are often responsible for managing one of the estate's most valuable assets—the family home. For many people, this is their first time handl
Do Trust Properties Avoid Probate? Here's What You Need to Know

One of the biggest reasons homeowners create a living trust is to help their loved ones avoid the time, expense, and complexity of probate after they pass away. If you've been named as a trustee or are helping administer a loved one's estate, you may be wondering whether a house held in a trust mu
The 10 Biggest Mistakes Trustees Make When Selling Real Estate

Serving as a trustee is both an honor and a significant legal responsibility. In many cases, trustees are tasked with selling a home that has been in the family for decades while balancing legal obligations, financial considerations, and the emotions of beneficiaries. Unlike a traditional home sal
Capital Gains and Trust Property Sales: What Trustees Should Know

One of the most common concerns trustees have when preparing to sell a trust-owned home is whether the sale will trigger capital gains taxes. While many trustees understand that taxes may apply, the rules surrounding trusts, inherited property, and the stepped-up basis can be confusing. The good n
How to Determine the True Value of a Trust Property

Determining the value of a trust property is one of the most important responsibilities a trustee faces. The listing price you choose can influence everything from how quickly the home sells to how much the beneficiaries ultimately receive. Price it too high, and the property may linger on the mar