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1 July 2016

What an executor needs to know when selling the deceased’s home

Key points to consider when selling the deceased property as executor of an estate.

The executors of a deceased person’s will are responsible for winding up the deceased’s estate and carrying out the terms of their will. Unless the beneficiaries under the will wish to have the property transferred into their names, the executors will need to sell it.

Executors should bear the following points in mind to ensure that the sale process is as smooth as possible:

  • Grant of probate
  • Valuations
  • Check the title and locate the deeds
  • Restrictions and defects
  • Realistic timescales
  • Capital gains tax

Click here to view Karen Bacon’s article in full published by The Gazette.

If you would like to discuss arrangements for later life, or are an executor who needs legal advice on the administration of an estate, please contact our dedicated Wills, Trusts and Probate team on 01603 598000 or by emailing probate@steeleslaw.co.uk. Appointments are available at our Diss, Norwich and London offices or home visits by appointment.

*The information provided in this article is designed to provide useful information on the subject, not to provide specific legal advice.

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