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Buying or Selling a Home/Selling home while still in trust
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Question
Can you tell me if I can/should sell a home while it is still in the trust. What are the benefits/drawbacks of this. This was my late fathers home in Carson, California. He made a living trust before he passed away and I am the trustee.
Thank you,
Nickie
Dear Nickie,
Yes, you can sell a house that is in a trust. As far as whether you should and what the tax consequences are I am not qualified to tell you. That advice is best gotten by an accountant.
Hope this helps and good luck.
Sue Bernstein
www.SueBernstein.com
Sue Bernstein
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Sue Bernstein
Expertise
My expertise in in residential real estate., I have been selling residential real estate for over 2 decades in the Los Angeles area. I can answer most questions regarding real estate in the state of California and most generic questions for the rest of the country relating to buying and selling homes, selecting a real estate agent, and more!
Experience
Residential Real Estate, Probates, Conservatorship and Trust Sales
Education/Credentials
Brokers License
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