Six Types of Real Estate Issues Arising from Estate Administration in CA
Six Types of Real Estate Issues Arising from Estate Administration in CA
Real estate is one of the most common assets found in estates of decedents. Often held in trust or owned outright at the decedent’s passing. This type of asset comes with unique issues because it is not always easily sold or divided. Real estate also often requires significant expenses for upkeep during the trust or estate administration.
The following are six examples relating to the transfer of real estate:
- A parent conveys a portion of ownership of a property to multiple children, but only one child occupies the property. That child may feel entitled to the property, since it is his or her home, and try to shut out the other siblings.
- Commercial real estate is conveyed to multiple parties and issues arise relating to cost and revenue sharing.
- One child exerts control over a parent with dementia or other mental impairment, causing the parent to leave property to one child at the expense of others.
- A deed prepared before the decedent’s death was fraudulent.
- Property is conveyed to multiple parties and they are in disagreement as to whether to sell or hold the property.
- Real estate is left to multiple children and one such child causes damage to the property.
Obtaining legal guidance is essential when a dispute arises over a trust or estate property.
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