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Expert Analysis

How To Sell Real Property When Serving As A Trustee

By Craig Ackerman and Amir Atashi Rang (August 28, 2017, 11:58 AM EDT) -- Serving as a trustee of a trust that holds real property is for most people — and even many attorneys — a challenging undertaking. At the moment, with real estate values again at high levels, it may seem like trustees should have no problem with the job as they can easily sell a property for maximum value and then get back to their own lives quickly. Wrong. This widely held opinion suggests a complete misunderstanding of the difficulties that trustees face. If anything, rising values have created more danger — as the beneficiaries expect more money — and the pitfalls aren't going away....

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