Need to Sell a Trust Property?
My Team has more than 34 years of experience assisting Grantors, Trustees, and Beneficiaries with the sale of real property →
If you are contemplating the sale of real property, my Team has decades of experience representing sellers of real estate through trust, probate, and conservatorship. We work closely with your attorney to assure that you understand the sale process and possible tax implications of your decisions along the way.
Contact us for a private consultation at 415-690-6084 and remember, when it comes to Real Estate…Pat Rocks!
What is a trust?
Trusts are valuable tools for protecting important assets. The assets move out of your ownership and into the ownership of the trust once the trust is created and administered — while you’re alive. Once you pass, the trustee, or successor trustee’s duties are to transfer the assets to the designated beneficiaries.
Who creates the trust?
The individual creating the trust is called the trustor/grantor.
Who controls the trust?
Upon creation of the Trust, the grantor appoints a trustee. The trustee’s job is to follow the instructions that the grantor has set out in the trust, often involving the liquidation of assets, and real property. This is a very generalized explanation of the role of a trustee; it can often be a pretty complex and time consuming role.
Who benefits from the trust?
Beneficiaries are the person or people who eventually get the assets from the trust (according to whatever rules the grantor establishes when they create the trust).
What is a trust sale?
In a trust sale, the trustee acts to follow instructions created by the trustor to sell real property. The trustee can hire advisors, such as realtors, CPAs and attorneys. The assets and proceeds from a Trust sale are designated for the beneficiary, not the trustee.