If you create a trust as part of your estate plan and are choosing a trustee, the same general attributes should apply. And if you struggle to identify someone in your personal life to serve as an executor or trustee, you can rely on a professional like an attorney or accountant, ...
An estate sale is a popular way to distribute a family member’s possessions after death. It involves selling items directly out of the home they belonged to. However, estate sales are not limited to the belongings of deceased individuals. They can also be held by individuals who want to se...
Some states require probate to be closed within a specific period. If that deadline isn't met, the court may demand that the executor produce a status update and an estimate of how much more time is needed. The will's named beneficiaries have the right to ask the court to order the ex...
“Owning and managing a property can be time-consuming and require a lot of effort, especially if you have multiple properties.” Your money could be tied up. Real estate is considered an illiquid investment because in order to access your money, you have to go through the process of ...
Learn tenant and landlord responsibilities after a catastrophe and the legal steps you need to follow to protect your deposit. Liz Brumer-SmithDec. 11, 2024 How to Break Up With Your Agent Breaking up is hard to do, but when it comes to real estate, it's an important step i...
When working with an agent, keep in mind too thatreal estate commissionsare typically negotiable. As a result, you might be able to get a break at the closing table. But, depending on the deal, you may still have to pay your buyer’s agent’s fee. ...
Private equity real estate funds have a number ofmanagementand performance fees that must be paid by investors. It's common that private equity funds require an annual fee of 2% of capital invested to pay for firm salaries, deal sourcing, and legal services, data and research costs, marketing...
How an Estate Agent Pocketed [Pounds Sterling]30,000 on a Family Home That Never WasAFTER estate agent David de Bloeme was sent to value a three-bed semi, he told the owner it was just the sort of family home he was looking for himself....
easy. There's an upfront investment of money and time, both of which vary depending on where you get your license. But compared to other careers with similar earnings potential (most of which require a college degree), getting your real estate license can be a quick and affordable process....
An executor is a person who is appointed by a probate court to manage the estate of a deceased, paying the estate's debts, and for distributing assets according to the instructions of the will or state laws. If the estate is structured as a trust, a trustee is responsible for managing ...