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Can a trustee and beneficiary of a will buy a house from the estate?
Wiki User
∙ 13y ago
Yes. As long as it is valued correctly and bought at the correct purchase price.
Wiki User
∙ 13y ago
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Can the beneficiary's tell the executor how much to sell for in NJ?
Not really. The property has to be sold for fair market value. There is some latitude if the assets exceed the debts of the estate. Or the beneficiary's can agree to a lessor price if it is being sold to another beneficiary. Often siblings will let another sibling buy them out of the property for a lower price.
If 3 heirs are to receive one third equally of the estate can two heirs force the third to put his own money into repairs of a house in the estate?
No. They should buy out the third share and split costs and profits between 2.
Is Hawaii suffering from the real estate slump?
Every state in America is suffering from a real estate slump right now because the economy is so bad. It's really hard to buy a house when the economy is so bad.
Are real estate prices going to decrease?
== The answer to this question can be found at the following link: http://www.propertyanswers.org/thread/142/Is-it-The-Right-Time-to-Buy-a-House-.html
Is it better to buy a house or buy land and build a house?
If you want to buy a land then the biggest issue is your favourite location. It is not easy to find our favourite location. It needs lots of time and money where as purchasing an existing home is easy. Building a new home does not offer the same convenience as buying an existing house. All you need to do is, find the top realtors or real estate agent in your area and get your dream house. Building a new house costs you more than buying an existing house. So I think it is better to buy a home. Rest of depends on your choice. You will make much better decisions than us.
What happens after probate if a house is involved and a beneficiary wants to keep it?
The beneficiary can buy the property from the estate. That means the mortgage must be settled and the price must be market value.
Can a co trustee buy quit claim property from trust and transfer into own personal trust?
First, a trustee is the trustee of a TRUST. The house may be trust property. The powers of a trustee are set forth in the trust document. If the house is owned by the trust and the trustee has the power to sell real estate then yes, a trustee can convey the house.
Can a trust lend money to a beneficiary to buy a house even though the trust usually distributes income to the beneficiary at year end?
You need to review the terms of the trust. The instrument that created the trust sets forth all the powers of the trustee. You need to determine if the trustee has the power to loan money from the funds held in trust.
Can you purchase your late mother's house as you are a executor and beneficiary?
If you are the beneficiary then the property will pass to you. You don't need to buy it. However, in order for title to pass to you legally the estate must be probated. Any time a person dies owning real property the estate must be probated. You should consult with an attorney who can review your situation and explain your options. Perhaps someone from the UK could provide additional information.
Can a beneficiary force the sale of a property when executor years ends if the other beneficiaries disagree?
Type your answer here... Can a beneficiary force executors to wind up an estate, or ask them to buy him out in respect of a property being involved
Who helps you when you need to buy or sell a house?
A real estate agent.
Can an executor to the will and as a trustee purchase the other trustee half?
A trustee doesn't have anything to buy or sell. If the property was left to the two, he can buy out the other party if they agree to it.
Can the trustee of a irrevocable trust buy the house in this irrevocable trust and take a loan out on the house to pay the other beneficiary?
You need to review the terms of the particular trust in order to determine what the trustee can and cannot do. A trustee has only the powers set forth in the trust document. Generally, a trustee should bot take money from the trust for his/her own use.You need to review the terms of the particular trust in order to determine what the trustee can and cannot do. A trustee has only the powers set forth in the trust document. Generally, a trustee should bot take money from the trust for his/her own use.You need to review the terms of the particular trust in order to determine what the trustee can and cannot do. A trustee has only the powers set forth in the trust document. Generally, a trustee should bot take money from the trust for his/her own use.You need to review the terms of the particular trust in order to determine what the trustee can and cannot do. A trustee has only the powers set forth in the trust document. Generally, a trustee should bot take money from the trust for his/her own use.
Want to buy house in d g1 vikas puri?
Buy Real Estate close to where you live.
How to buy a buy a house without escrow?
You can buy house without escrow, if you are aware of the present real estate market conditions. Because the real estate agents are aware of the real estate market of your local area and they know, what are the cares to take before buying a homes. Better visit the online real estate like samwinter to get a clear idea.
What do real estate agents help you on?
they help u buy and sell a house!!
What has the author Theodore J Dallow written?
Theodore J. Dallow has written: 'How to buy foreclosed real estate for a fraction of its value' -- subject(s): Foreclosure, House buying, Real estate investment 'How To Buy Foreclosed Real Estate' -- subject(s): House buying, Real estate investment, Foreclosure
