Sometimes families ask whether one beneficiary can move in for a while, or whether the property can be rented before sale. The answer is not automatically no, but it is not something to do casually either. Occupation or…
Sometimes families ask whether one beneficiary can move in for a while, or whether the property can be rented before sale. The answer is not automatically no, but it is not something to do casually either.
Occupation or letting can affect insurance, tax, fairness between beneficiaries, and the sale strategy. It can also blur the line between what is convenient for one person and what is best for the estate as a whole.
If the property is to be occupied or rented, the executor should be sure the arrangement is proper, documented and consistent with their duties.
Related reading
- How to sell a probate property: a clear step-by-step guide for executors and familiesHow to sell a probate property: a clear step-by-step guide for executors and families/probate-guides/how-to-sell-a-probate-property/
- Can you market and accept offers on a probate property before probate is granted?Can you market and accept offers on a probate property before probate is granted?/probate-guides/marketing-a-probate-property-before-probate-is-granted/
- A realistic probate property timeline: where delays usually happen, and which ones you can actually controlA realistic probate property timeline: where delays usually happen, and which ones you can actually control/probate-guides/probate-property-timeline/
- What is probate — and do I need it?What is probate — and do I need it?/knowledge-hub/what-is-probate-and-do-you-need-it/
- How long does probate take?How long does probate take?/knowledge-hub/how-long-does-probate-take/
- Do I need a solicitor?Do I need a solicitor?/knowledge-hub/do-you-need-a-probate-solicitor/
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