Probate and Real Estate
As a Massachusetts home buyer or property seller, you may require the assistance from a Massachusetts attorney versed in both probate law and real estate law. In addition if you are an estate representative (administrator, administatrix, executor, executrix, or trustee) you too may need help with a Massachusetts real estate transaction involving a probate estate.
Here are three (3) common examples:
- A probate estate is selling property.
- Someone is buying land or a home from a probate estate.
- Real estate is inherited through a will or under MA inheritance law.
There are many additional probate issues which may arise in a Massachusetts residential or commercial real estate transaction. Failure to recognize these can be a disaster. As an individual, a couple, or as the fiduciary of an estate, you should seek qualified assistance and proceed confidently in your real estate transaction. Failure to rely on an experienced attorney’s advice in probate real estate matters may end with problems.
- What types of problems? How can the purchase and sale of probate or estate property be more difficult and complicated?
- Some examples: Estate tax liabilities or chain of title issues (the history of ownership and transfers) may create hidden pitfalls you need to understand and avoid. Failure to identify and safely guard against these issues could result in liens being placed on the property you purchase. This could mean that you end up paying them. Under other circumstances it is even possible that a sale could later be rendered null and void. Here the sale is legally undone leaving a buyer in disbelief. An unsuspecting buyer may find they are left without owning the property and without the money they invested to buy it. While not nearly as severe, unidentified issues in these transactions can become costly due to delay or being called off.
Smart & Safe Solutions
Buying and selling real estate can often be the largest financial transaction you are involved with. It often involves a significant investment. Your home may be or become the most valuable asset you own. Be smart and do it right. Experienced lawyers familiar with Massachusetts (MA) probate law and MA real estate law can work with all parties involved to ensure the safe and timely success of your purchase or sale transaction. Examples of probate real estate services Wilson & Whitaker, LLC attorneys provide in MA include:| Purchase and Sales P&S Agreements License to Sell Rights of First Refusal Offers to Purchase Real Estate Closings Easements Land Use Property Litigation Title Issues | Landlord-Tenant Leases Zoning Liens Takings Eminent Domain Government Boards Contractor Disputes Abatements Municipal Tax Issues | Estate Tax Liens Medicare Liens Mechanics Liens Estate Tax Affidavits Estate Tax Releases MA Estate Tax Federal Estate Tax Title Insurance Breach of Contract Workout Agreements |