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What to Consider When Selling Real Property from a Trust or Estate

Fiduciary Responsibility = Fair Market Value for Property by Eric J. EinhartIf you are a trustee of a trust or an executor of an estate that owns real property, you may need to sell the real property throughout the course of the administration of the trust or estate.

Before you move forward with a sale of the property, you should consider a few things:

  1. Do you have the authority to sell the property?
  2. Will there be any repairs or renovations necessary in order to sell the property?
  3. What should be the asking price of the property?
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