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That depends on the will. It determines what happens to the assets of the estate.
Wiki User
∙ 9y ago
Wiki User
∙ 10y agoThey have the ability to determine if the property should be kept or sold. They can't keep it for themselves unless they are an heir and it is part of their share.
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Can executor sell your property in Maryland?
An executor can only sell the property in the estate. If it is in the estate, it does not belong to you.
Can a beneficiary sell the estate?
A beneficiary does not have the right to sell the estate. Only the executor can sell property.
Can an estate sell real estate in Florida or do the individual heirs have to sell it?
The executor has the ability to sell the property. It is subject to court approval. They can also transfer the property to the beneficiaries. In which case they can then sell it.
Can you sell a real estate property titled in trustee after owner dies?
Can you sell a real estate property titled in trustee after mother and father dies
Does executive need signatures from siblings to sell family property which all inherited?
Does executive need signatures from siblings to sell family property which all inherited?
What real estate companies sell property in Warwickshire?
A popular real estate company that sell property in Warwickshire is Warwick Real Estate. Online companies such as Trulia and Zillow also sell properties in the Warwickshire area.
Can you sell a property with no life estate?
If you are the owner, yes.
What is an estate sale of real estate?
An estate in this sense refers to the real estate owned by a decedent at the time of their death. The purpose of an estate sale is to sell the property of a decedent so the proceeds can be distributed to the heirs. After an owner of real estate has died, their estate must be probated so the real estate can be sold. The sale must be handled by an estate representative duly appointed by the probate court and that representative must have the proper authority to sell the property. An estate sale of real estate would be a sale of the real property owned by the decedent.
What are the names of some Real Estate Agents that sell Newbridge property?
There are several Real Estate agents that sell property in Newbridge Victoria. Several names are Expert Real Estate, Professionals, Bendigo Real Estate and Ray White.
Do you need a real estate license to sell your own timeshares in Missouri?
It is always legal for you to sell your own property. You only need a real estate license to sell other people's property on their behalf.
When the administration is closed can the administrator sell property?
No. In fact, an administrator must apply for a license to sell the property. An administrator doesn't have any authority to sell property without a court order. Once the estate has been closed the heirs at law own the property. The deed must come from those heirs.If property is discovered after the estate is closed and the heirs wish to sell it through the estate the administrator (or another qualified person) must petition to be appointed the administrator de bonis non (of property yet to be administered) and then must apply for a license to sell the real estate.No. In fact, an administrator must apply for a license to sell the property. An administrator doesn't have any authority to sell property without a court order. Once the estate has been closed the heirs at law own the property. The deed must come from those heirs.If property is discovered after the estate is closed and the heirs wish to sell it through the estate the administrator (or another qualified person) must petition to be appointed the administrator de bonis non (of property yet to be administered) and then must apply for a license to sell the real estate.No. In fact, an administrator must apply for a license to sell the property. An administrator doesn't have any authority to sell property without a court order. Once the estate has been closed the heirs at law own the property. The deed must come from those heirs.If property is discovered after the estate is closed and the heirs wish to sell it through the estate the administrator (or another qualified person) must petition to be appointed the administrator de bonis non (of property yet to be administered) and then must apply for a license to sell the real estate.No. In fact, an administrator must apply for a license to sell the property. An administrator doesn't have any authority to sell property without a court order. Once the estate has been closed the heirs at law own the property. The deed must come from those heirs.If property is discovered after the estate is closed and the heirs wish to sell it through the estate the administrator (or another qualified person) must petition to be appointed the administrator de bonis non (of property yet to be administered) and then must apply for a license to sell the real estate.
You inherited property with 4 others do you need to sign anything to ensure the property does not get sold without your knowledge?
No. The property cannot be sold without your signature unless it is still in the estate and the executor still has authority over it. An executor can sell the real estate if there was power granted in the will or if they request a license to sell real estate from the court. Once the estate has been settled, your signature is required to sell your interest in the property.
