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Trust and Probate

Trust and Probate Sales in San Francisco

A trust or probate sale occurs after the owner of a property has passed. It can be a difficult and confusing process for the trustee and beneficiaries, so it’s important that families carefully consider their options when selecting a Realtor to help them with their sale.

A Trust sale occurs when the deceased has a written Trust. The Trust defines who is to administer the trust (the Trustee) which typically involves selling property and distributing the proceeds to the beneficiaries. Since the Trust outlines the process and wishes of the deceased, the courts are not usually involved.  The Trustee is charged with executing the terms of the trust.

The Trustee will select the Realtor to work with, set the pricing for the property, and approve of the preparation, marketing and sales plan. When selecting a Realtor to help with the Trust, be sure to check how many Trust sales the agent has done. Experience is key here, as there are many potential obstacles to navigate.

A Probate sale occurs when the owner passes and they did not have a Trust.  In this case, the Probate Court is charged with understanding and interpreting the intentions of the deceased. Sometimes the court requires a confirmation of the sale, which involves a second round of bidding. Sometimes they do not, in which case the sale proceeds very similarly to a Trust sale.

Whether the property is being sold in Trust, or as part of Probate proceedings, it’s important that you work with a Realtor that has the experience, network and resources to manage the transaction.

At the Level Up Group, we have helped dozens of families navigate the complexities of a trust and probate sale.  We understand what the family is likely going thru and are here to help. Please contact us at Michael@LevelUpGroupSF.com or call 415.606.2625 to get started.

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Whether the property is being sold in Trust, or as part of Probate proceedings, it’s important that you work with a Realtor that has the experience, network and resources to manage the transaction.