DID YOU INHERIT THE FAMILY HOME AND WANT TO SELL, I’M HERE TO HELP, CALL TODAY.
To sell an inherited house, if it's in a trust, the successor trustee handles the sale, distributing proceeds to beneficiaries as outlined in the trust document.
If probate is required, the executor, with court approval if necessary, manages the sale, with proceeds going to heirs as per the will or state laws.
More detailed breakdown:
Trust:
Trustee's Role:
The successor trustee, named in the trust document, takes over the property management and sale.
Sale Process:
The trustee can sell the property without needing unanimous consent from all beneficiaries, as long as it's in the best interest of the trust and beneficiaries.
Proceeds Distribution:
The proceeds from the sale are distributed to the beneficiaries as specified in the trust document.
Privacy:
Trust administration is generally quicker and more private than probate, as it doesn't involve court proceedings.
Probate:
Executor's Role:
The executor, named in the will, manages the estate, including the sale of the property.
Court Involvement:
The executor may need to seek court approval for the sale, especially if there are disputes or if the sale is not in the best interest of the estate! .
