One effective vehicle for transferring property from one generation to another is a trust. Many married couples and families will put their property in a trust, so that upon their death, the property does not have to be probated by the courts. Putting a property in trust circumvents the court process.
Often, when property is inherited from a trust, the beneficiaries will want to sell the property. However, most of the time the beneficiaries have not lived in the property for years, or never been to, lived in, or seen the property. That creates several complications in the mechanics of selling the property from a trust.
On Thursday, November 29th at 10am, real estate attorney Lorena Roel of Brewer Offord & Pedersen LLP presented a free webinar about the mechanics of selling property out of trust. In this informative webinar, attorney Roel covers key topics relating to holding California property in a trust, such as:
- Process for putting real property into a trust
- Sole trustor and successor trustee scenarios for selling property out of trust
- Utilizing certificate of trust for exercising trustee powers
- Overview of duties of successor trustee under probate code
- Required disclosures for selling a property out of trust
- Practical considerations for REALTORS in representing trustee sellers
- Insights into the duties & rights of a successor trustee liquidating the property
Webinar Replay & Slide Deck
You can watch the replay of the webinar below, as well as view or download the slides.
Watch the Replay
View the Slides
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