Selling a home in a trust or estate sale can feel like a daunting task, but it doesn’t have to be! 🏡 Here’s some friendly advice on how to effectively spread the word and ensure a smooth sale process for your loved one's property: 1. Set the Stage: Get Legal Clarity First Before you can list or sell, confirm who has the legal authority to act. Whether it’s a trust or part of probate, the paperwork must be correct and in-hand. Make sure you have an experienced real estate agent on board. They kn
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Selling a home in a trust or estate sale can feel like a daunting task, …
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Inheriting a home through a trust can bring up a lot of questions, especially when it comes to taxes and timing. Many beneficiaries don’t realize that when a property is inherited through a trust, its value is usually “stepped up” to the fair market value as of the date of death. That means if the home is sold shortly after often within a year the sale may result in little to no taxable gain. In some cases, after real estate commissions and closing costs, it may even show a loss on paper. Howeve
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The sale of your home is owned inside a family trust is subject to capital gains tax. #Money #Tax #Family #Home #Investing #Property | James Wrigley
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How to sell your house to a trust at COST BASIS. If you’re interested in learning more about the trust, you can schedule a strategy call with me or my team on my profile. | Stone Dorough
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