Can a Trustee Sell Trust Property?

Posted by Techyscouts | Posted on 11/10/2023
  •  Real Estate

    • Mike Millea is the Most Experienced LA Real Estate Broker

    Selling trust property is a complex process that involves a broker with experience in complicated real estate transactions. Mike Millea is a Los Angeles conservatorship real estate broker with a Probate, Estate, and Trust Law background. As a top producer in the Greater Los Angeles and South Bay real estate markets, he sold income-producing properties, homes, apartments, and shopping centers. As an expert in complex estate, probate, trust, and 1031 real estate transactions, contact Mike to discuss selling your trust property.
     

    The Process to Sell Property With a Trustee

    Selling with a trustee involves:

    • Reviewing the trust documents
    • Choosing a West LA probate real estate broker
    • Providing proof that the trust is valid
    • Closing the sale

     
    The trustee sells the property. The proceeds become part of the trust. A West LA probate real estate broker should handle the transaction. You must verify the trustee has the right to sell the property. Most courts allow the sale to proceed unless a clause in the trust documents forbids the sale of the property. When the right to sell the property is granted, hire an agent to handle the sale. The Los Angeles Conservatorship real estate broker should sign a Certification of Trust. You must prove that the trust is legally binding and need a death certificate and the trust creator’s tax ID number. When the property sale is finalized, the proceeds are kept in an account or given to the beneficiary.
     

    The Process to Sell Property Without a Trustee

    Selling without a trustee involves:

    • Checking for clauses preventing the transfer of real estate title
    • Filing a deed form when the trustee approves

     
    The transfer of the property can usually proceed without issues unless trust documents prohibit the sale. One aspect to consider is the trustee can prevent the property sale. If the trustee approves the sale, the legal documents must be filed at the property office to bind the transaction legally. When the transaction is completed, the beneficiary becomes the property owner and may hire a Los Angeles conservatorship real estate broker to sell their property.

    Trust property sales in California can be a complicated process. To ensure the sale is handled according to California law, you should engage the services of the most experienced West LA probate real estate broker. Contact Los Angeles real estate broker Michael Millea today at 310-939-9356.

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