Anthony S. Park
311 episodes - English - Latest episode: 6 months ago - ★★★★★ - 17 ratingsAnthony S. Park is a professional executor for solo agers, probate real estate, and bitcoin.
As a professional executor and probate lawyer, Anthony has seen what fared well (and what didn’t) at the end, upon death.
He writes to share all that he’s learned from this unique perspective about estate planning, personal finance, and business.
He's written several Amazon best-selling books on probate, executorship, solo agers and bitcoin. Join the email list at https://anthonyspark.com/join-podcast/ to hear more and for free book giveaways.
Anthony's cases have been featured in many places, including the Wall Street Journal, New York Times, CNBC, and MarketWatch.
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Episodes
E342 Thank You to Our Listeners!
November 01, 2023 11:00 - 1 minute - 1.75 MBBased on feedback from you, the audience, we're pausing these episodes and will focus on writing instead: Our blog: https://anthonyspark.com/#blog Our books on https://amazon.com/author/anthonyspark Reviews always appreciated! Thank you for sharing all your amazing questions and stories, and thank you for listening!
E341 How Long to Transfer Real Estate After Death
October 25, 2023 11:00 - 8 minutes - 7.4 MBThere is no legal time limit to transfer real estate after death. It could happen quickly, or it could take years. We’ve seen cases where the real estate doesn’t get transferred until generations later. A fast sale is ideal, because problems can emerge in the meantime. There is a lag between the date of death and when the executor gets legal authority to handle the property. So, even “fast” isn’t very fast. How long does it take to get preliminary letters? The executor does not have full ...
E340 Reasons Not to Make a Loved One the Executor
October 18, 2023 11:00 - 8 minutes - 6.85 MBWe’ve talked before about not making a loved one your executor. I recently read an article titled, “2 Big Reasons Not to Make a Loved One the Executor of Your Estate.” Here, we’ll add our own perspective for why it’s not a great idea. Being executor can be emotionally difficult It is a duty that begins almost immediately after the death of your loved one. You are grieving the loss while facing a list of daunting tasks. Even normal probate is a lot of work and can be tough while grieving. ...
E339 Why Sharing Your Seed Phrase is a Bad Bitcoin Inheritance Plan
October 11, 2023 11:00 - 9 minutes - 8.09 MBIn this episode, we will talk about self-custodied bitcoiners (not those who have their coin on an exchange or with a third party). Some bitcoiners share their seed phrase with their spouse or adult children. Or perhaps they share their cloned wallet with those trusted individuals. It’s temptingly easy, essentially frictionless to share your seed phrase. But, as we’ll discuss, it can be insecure for reasons you may not think of. Sharing your seed phrase can be dangerously inflexible ...
E338 Should I Sell My Home Before I Die?
October 04, 2023 11:00 - 6 minutes - 5.27 MBThis is a very common question that we get from Solo Agers. We’ll review the pros and cons of making that decision. Reasons to sell your home before you die The biggest reason Solo Agers want to sell their home before they die is because they don’t want to leave a mess for their loved ones. Otherwise, there may be a lot of cleaning, maintenance, and packing for the heirs to do. Additionally, the house may need renovations before it is in sellable condition. Another reason is that So...
E337 Who Owns a House During Probate?
September 27, 2023 11:00 - 7 minutes - 6.18 MBWhen someone dies, many folks are confused about who owns the house during probate, right after the death. Technically, the heirs own it immediately upon death, subject to debts and taxes of the estate. But, sometimes is not clear who the heirs are. The probate process decides who exactly are the heirs and places an executor in charge to sort out all those debts and taxes. So, the heirs own the house, but if it is not clear who the heirs are, then you kind of need to wait to see who really...
E336 Risks of Being an Executor
September 20, 2023 11:00 - 11 minutes - 9.25 MBWhat are the risks of being an executor? An executor has a lot of power and responsibility during probate, but is correspondingly accountable for everything that happens within the estate. We’ll cover how an executor has risk of even personal liability, how long that risk lasts, and how an executor can protect himself from these risks. Executor personally liable for debts and taxes The executor has personal liability for debts, taxes, and anything wrong with the estate. If an executor m...
E335 Why a Letter of Instruction for Bitcoin Inheritance Will Fail
September 13, 2023 11:00 - 10 minutes - 9.14 MBA letter of instruction will likely fail for your bitcoin inheritance plan and should have only a marginal role in your plan, if any. Search for “bitcoin inheritance” and you will probably find lots of people advising you to write a letter of instruction for your heirs. We talked about this and even provided a sample letter of instruction. Now, having spent a bit more time delving into different approaches to bitcoin inheritance, we’re de-emphasizing a letter of instruction. Note: this ...
E334 Why Hire a Professional Trustee?
September 06, 2023 11:00 - 6 minutes - 5.32 MBI do serve as a professional trustee, not just executor, or our Solo Ager clients. We’ll cover why our Solo Ager clients are looking for a professional trustee, why they don’t use banks, and how much it costs to hire a professional trustee. Disputes between trustee and beneficiary Why are our Solo Ager clients looking for a professional trustee? The main reason is because of potential disputes between the trustee and the beneficiaries. Unfortunately, this kind of conflict is very common, ...
E333 Seller Credit When Selling Probate Real Estate
August 30, 2023 11:00 - 6 minutes - 5.32 MBThis happens when the buyer agrees to a higher contract price, but the seller also agrees to credit back a set amount to the buyer, so the net purchase price is lower. For example, if the buyer wants the house for $250,000, they would set the contract price at $300,000 with a side agreement that the seller would credit $50,000 on the closing statement, effectively making the price $250,000. Why not just a price reduction? Co-ops (and sometimes condos and homeowners’ associations) want t...
E332 Your Bitcoin Inheritance Plan Must be Frictionless
August 23, 2023 11:00 - 9 minutes - 8.26 MBWe’ve talked before about why Solo Ager estate plans must be frictionless. Same goes for a bitcoin inheritance plan, even more so. The best inheritance plan is the one that actually exists In general, 60 to 70% of people have no will or estate plan at all. Why don’t they have an estate plan? 44% is due to procrastination - “I have time; I’ll get to it later.” 25% of people are not sure where to start. 13% say that it is too expensive to create an estate plan. In the New York City...
E331 No Upfront Cost to Name a Professional Executor
August 16, 2023 11:00 - 6 minutes - 5.7 MBFolks who are interested in naming me as their professional executor ask how much it costs to get started. There is no cost! We’ll explain why, what you get, and what to expect. It’s just a nomination At this point, you are healthy and just being responsible by making your estate plan. When you name me as trustee in your trust or as executor in your will, it’s just a nomination; I haven't done any work yet. Besides, you can always change your will and I may never become your executor or t...
E330 Your Bitcoin Inheritance Plan Must be Flexible
August 09, 2023 11:00 - 12 minutes - 10.5 MBBarring a terminal illness or physician-assisted death, it’s very hard to know when you will die. The world changes very quickly, and you do not know what the world will be like at the time of your death. For example, there were no iPhones two decades ago, and now look how technology has evolved. So, to future-proof your plan, you must keep it as flexible as possible. Inheritance plan vs actual circumstances In general, your estate plan will be different from the actual circumstances up...
E329 Professional Executor for Physician-Assisted Dying
August 02, 2023 11:00 - 6 minutes - 5.92 MBPhysician-Assisted Dying has other names that might be familiar: death with dignity, aid in dying, assisted death, euthanasia, and assisted suicide Since we’ve received many inquiries from our Solo Agers, here some of your FAQs: Making arrangements from Switzerland Can my professional executor help make arrangements from Switzerland after I pass? Switzerland is often the go-to jurisdiction, but there may be others in the U.S. The medical facilities need to know who to notify upon deat...
E328 Hire Lawyer or Broker First When Selling a Probate Property?
July 26, 2023 11:25 - 5 minutes - 5.08 MBShould you look for a broker or lawyer first when selling a probate property? With non-probate home sales, brokers are the first to list, set an open house, and find a great buyer. Lawyers only get involved once a buyer is in place and a deal is struck. The lawyer then drafts the contract and conducts the closing. But with probate, talking to a lawyer first makes more sense. Here’s why: Talk to a probate lawyer first when selling a home It’s important to talk with a probate lawyer, beca...
E327 Professional and Amateur Executors Cost the Same
July 19, 2023 11:00 - 9 minutes - 7.83 MBHow much does a professional executor cost? Most people are surprised to learn that executor fees are the same whether you choose an experienced professional or your unemployed nephew who has lots of spare time. When people realize that they are paying the same cost, they will probably choose a professional executor. In fact, your estate will probably even save on expenses with a professional vs.an amateur. Executor fees set by state law Executor fees are almost always set by state law,...
E326 Why Not a Deadman’s Switch for Bitcoin Inheritance?
July 12, 2023 11:00 - 12 minutes - 9.98 MBA deadman’s switch is a seemingly elegant and trustless solution for bitcoin inheritance. But if you think it through, it currently has too many problems to work securely. A deadman’s switch is a protocol or mechanism where, if the creator misses a periodic check-in (ex. push a button every 3 months, reply to a monthly email, etc.), it's assumed the creator has died and will trigger an event. Types of bitcoin dead man switches With the first type of deadman's, upon failure to press the ...
E325 Do You Need a Lawyer to Make a Will?
July 05, 2023 11:00 - 9 minutes - 8.17 MBOur Solo Agers friends often ask this when they’re ready to name me executor in their will. We support well-done DIY wills and anything that helps make your plan as frictionless as possible. Some kind of plan is almost always better than no plan! So, do you need a lawyer to make a will? No, we’re not aware of any state that requires a lawyer to make your will. We do nonetheless recommend that our Solo Agers at least hire a lawyer to supervise the signing. Here’s why: Signing ceremony te...
E324 Top 5 Reasons Heirs Suddenly Need to Sell Probate Real Estate
June 28, 2023 11:00 - 10 minutes - 8.73 MBWhy do heirs suddenly need to sell probate real estate? We see cases where years, even generations, have elapsed since the real estate owner has died, and nothing has been done. So why, all of a sudden, do the heirs seek a lawyer or professional executor? Here are the top 5 reasons we’ve seen. 1. Bad economies mean heirs need money When there’s a recession, our office gets busier. It seems that when times are tough, people want large, lump sums of cash (rather than a theoretical portion o...
E323 Top 5 Reasons They a Hire Professional Executor
June 21, 2023 11:00 - 7 minutes - 6.04 MBWhen we chat with new clients, we ask them why they chose to look for and hire a professional executor. Here are the 5 most common answers. Perhaps you will see yourself in one of these situations. 1. There’s no one else There may not be any close family or friends due to old age or because the client is a Solo Ager. Or maybe a client does have close family and friends, but they do not live nearby, they have no time, or they are not financially savvy. 2. Went through being an executo...
E322 Multisig versus Passphrase with a Bitcoin Executor
June 14, 2023 11:00 - 14 minutes - 12.2 MBMultisig or a passphrase ("poor man’s multisig") are two ways to transfer custody to your bitcoin executor upon your death. Let’s compare, so you can decide which best fits your bitcoin inheritance plan. Why multisig for bitcoin inheritance? The main feature is splitting access to your bitcoin, so that it’s not catastrophic if just one of your keys is revealed, leaked, or hacked. While you should always be careful of how you manage your security materials, using a multisig allows you to ...
E322 Multisig versus Passphrase with a Bitcoin Executor
June 14, 2023 11:00 - 14 minutes - 12.2 MBMultisig or a passphrase ("poor man’s multisig") are two ways to transfer custody to your bitcoin executor upon your death. Let’s compare, so you can decide which best fits your bitcoin inheritance plan. Why multisig for bitcoin inheritance? The main feature is splitting access to your bitcoin, so that it’s not catastrophic if just one of your keys is revealed, leaked, or hacked. While you should always be careful of how you manage your security materials, using a multisig allows you to ...
E321 The Frictionless Solo Ager Estate Plan
June 07, 2023 11:00 - 6 minutes - 5.13 MBA frictionless first estate plan is a great first step for Solo Agers with no plan at all. It helps Solo Agers clarify their thinking and decisions, all while having a basic plan in place in the meantime. Why Solo Agers need a frictionless first plan We’ve heard from many folks who are stressed because they have no plan whatsoever. In general, Solo Agers don’t have the traditional heirs and family members available to fill the executor role, so it is important to have something in place. ...
E320 How to Get Updated Letters Testamentary
May 31, 2023 11:00 - 8 minutes - 7.1 MBLet’s discuss how, why, and how long it takes to get “fresh” Letters Testamentary in New York. Fresh letters simply means that they are newly dated. Most of the time, probate takes months or even years, and during that time, you may need to get fresh copies of the letters to use. Do letters of testamentary expire? One question we get is “do the letters of testamentary expire?” Technically, no, they don’t expire. It’s not as if your executorship has ended and you need to renew it. Rather, ...
E319 Top 5 States Looking for Professional Executors
May 24, 2023 11:00 - 9 minutes - 8.24 MBAs we’ve spoken about before, Anthony can be your professional executor, even if you don’t live in New York. We have been seeing many inquires from out of state lately, and these are the top 5 looking for Anthony to be their professional executor. We are located in New York, so we are not including New York inquiries on this list. While this isn’t a scientific study, this is what we are seeing based on our daily calls. Georgia First on the list, much to our surprise, is Georgia. Maybe be...
E318 Bitcoin Inheritance Needs Layers
May 17, 2023 11:00 - 12 minutes - 10.5 MBAs you may know, Bitcoin does not have layers like legacy and traditional accounts do, so an inheritance plan needs to be created. We will discuss the drawbacks of constantly seeking and getting stuck on a “perfect” Bitcoin inheritance plan, and a few solutions for approaching the creation of these layers. Legacy assets have inheritance layers, bitcoin does not Legacy assets (banks and financial institutions) already have several layers or contingencies that you may not even realize. On t...
E317 Can You Sell Your Inherited Property?
May 10, 2023 11:00 - 6 minutes - 5.79 MBWe get this question quite often – can you sell your inherited property? The answer to this depends on many factors. First, you need to figure out if you can sell an inherited property. Here are a few steps for you to take to answer this, before you can decide if you need a probate lawyer or professional executor. Check the deed to confirm you inherit First, check the deed to see if the decedent actually owned the property. Some people stay in a home long after another relative has passed...
E316 Estate Planning Dos and Don't Bothers for Solo Agers
May 03, 2023 11:00 - 10 minutes - 8.8 MBSince we do so many probates, we see what parts of your planning actually helped with probate (dos), and which ones didn’t really matter (don't bothers). We are reviewing this info so that you don’t spend too much of your valuable time on planning that won’t help all that much. This is based on our annual executor check in calls, in which we hear from our clients who have well intended plans to gather information for us, should we need it. Which in most cases, we don’t. We are trying to sa...
E315 How to Probate a Hoarder Estate
April 26, 2023 11:00 - 7 minutes - 6.16 MBAs you can imagine, probating a hoarder’s estate adds a few more complications. In this episode, we will talk about how to deal with some of the main challenges. A hoarder can be defined as someone that likes to keep a lot of things; those that hold on to items with little value. As an executor, we define it as a situation where it’s abnormally difficult to navigate the living quarters. For example, a hallway that isn’t a hallway. Or trouble opening a door, because there are items blocking...
E314 Nonprofessional Executors Don’t Get Paid
April 19, 2023 11:00 - 13 minutes - 11.2 MBCould you imagine doing a ton of work and not getting paid? It’s frustrating, but it happens. One of the drawbacks of nonprofessional executors is they are more likely to lose their executor fee, despite doing months, even years, of work for the estate. In this podcast, we are going to discuss a few real-world instances where this happened. We want to help you see that this can happen and that you don’t want to take on the executor role expecting a nice piece of change for your hard work. ...
E313 How to Think Like Your Bitcoin Heirs
April 12, 2023 11:00 - 10 minutes - 8.6 MBHere’s a mental exercise to put yourself in the shoes of your bitcoin heirs. The underlying assumption is that your heirs know nothing or know way less than you do about bitcoin. Many bitcoiners have a pretty deep knowledge of bitcoin, self-custody, operational security, and so on. And you may be so deep down the rabbit hole that you forget how daunting and confusing bitcoin can be. Maybe by the time you pass away, bitcoin knowledge will become more common. But for now, most people don’t k...
E312 Why Beneficiary Designations Are Bad
April 05, 2023 11:00 - 10 minutes - 8.63 MBIt’s understandable that beneficiary designations seem like an excellent and easy estate planning tool. But from our experience, when someone actually dies, beneficiary designations are often bad news. We’ll describe a few reasons why beneficiary designations cause problems in probate when estate plans become reality. Then you can decide for yourself if beneficiary designations are worth the risk. Outdated beneficiary designations don’t reflect your wishes Often, by the time a person di...
E311 The Latest Probate Tax Delay is 1040 Verification
March 29, 2023 11:00 - 9 minutes - 8.05 MBTax clearance is taking even longer lately because of a new twist: 1040 verification. Everyone agrees it’s important to keep the tax bogeyman satisfied, but all these layers of delays are frustrating our clients and us. Below we'll explain what’s happening here. What is tax clearance and why does it take so long? The executor needs to make sure that the IRS agrees no more taxes are due. This is important because the executor is personally liable for unpaid taxes. If the executor makes dis...
E310 How to Sell Cash-Poor Probate Co-ops
March 22, 2023 11:00 - 6 minutes - 5.89 MBHow do you sell a probate co-op, when the estate has no other cash? Why does the estate need cash? To pay for all the preparations, such as movers to clean out the property, cleaners, contractors for minimum renovations to make the property marketable, and more. For some houses, cash buyers/investors may be an option. But for other houses and the many co-ops in NYC, it’s not an option. Sell personal property When the estate has no cash or bank accounts, it’s usually because the ac...
E309 Limited Powers of Attorney for Solo Agers
March 15, 2023 11:00 - 9 minutes - 7.87 MBIf you’re a solo ager and you must use a power of attorney (POA), make it as limited as possible. We received the following from a solo ager listener: “You state in your book that a financial power of attorney is not necessary if there’s a solid living trust in place. (I don’t feel the risk of abuse is a critical concern in my case). However, my lawyer says I need to name one.”- Lori This attorney refused to complete our listener’s estate plan unless she included a financial power of att...
E308 Have a Placeholder Bitcoin Inheritance Plan
March 08, 2023 12:00 - 8 minutes - 7.23 MBA placeholder bitcoin inheritance plan may be the solution to spur bitcoiners into action, rather than pursuing a “perfect” plan. Instead of holding off on a plan until it’s perfect, have a placeholder plan in the meantime in case anything happens to you while you are still perfecting your inheritance plan. Perfect is the enemy of done, and using a placeholder plan may help avoid overthinking and analysis paralysis. Why bitcoiners need SOME inheritance plan With bitcoin, there is no def...
E308 Have a Placeholder Bitcoin Inheritance Plan
March 08, 2023 12:00 - 8 minutes - 7.23 MBA placeholder bitcoin inheritance plan may be the solution to spur bitcoiners into action, rather than pursuing a “perfect” plan. Instead of holding off on a plan until it’s perfect, have a placeholder plan in the meantime in case anything happens to you while you are still perfecting your inheritance plan. Perfect is the enemy of done, and using a placeholder plan may help avoid overthinking and analysis paralysis. Why bitcoiners need SOME inheritance plan With bitcoin, there is no def...
E307 End of Life Decisions for Solo Agers
March 01, 2023 12:00 - 7 minutes - 6.33 MBHow do you find a trustworthy fiduciary to make end of life decisions for you if you’re a solo ager? We get these questions often from our solo ager clients and followers: “What provisions may be made if someone has no healthcare proxy?“ “When there is no one to take care of you as you age and you become ill, how can you ever find a fiduciary you can trust?” We’ll review the problem, the lack of options, and if/when we’re able to help. Solo agers’ problem This end-of-life fiduciary ...
E306 What Information Are Heirs Entitled To?
February 22, 2023 12:00 - 8 minutes - 7.45 MBWhat information are heirs entitled to, and how often can they request it? There is a delicate balance for executors to keep heirs in the loop without draining their time or estate resources in constantly responding to inquiries. Executor vs. beneficiary rights Why is it important to balance executor and beneficiary rights? If heirs demand too much, an overwhelmed executor may make errors with actual estate decisions, or grow weary. On a more emotional level, the executor may begin to r...
E305 Get Your Inheritance Faster
February 15, 2023 12:00 - 8 minutes - 7.56 MBHeirs often want to know if there is any way to get their inheritance faster. Probate can take a long time, for various reasons, and lately it has been taking even longer because IRS delays are making tax clearance even slower. So, here are some options for heirs in a cash crunch. Expense reimbursements First, the executor can pay expense reimbursements as soon as possible. This includes reimbursing heirs who paid the funeral bill, court or lawyer fees, clean out or move out costs, c...
E304 Poor Man's Multisig for Bitcoin Inheritance
February 08, 2023 12:00 - 8 minutes - 7.32 MBWhat are some less costly alternatives for a managed multi-sig bitcoin inheritance plan? Why poor man’s multi-sig? A multi-sig setup is good for inheritance purposes, because multiple keys are needed to access your funds. This way, there’s no pressure on one single keyholder to have high-level security. In a multi-sig, if one person loses their key, an attacker or hacker can’t do much without the other keys. Of course, the keyholders should keep the keys secure. But if one leaves his 12 ...
E303 How to Choose an Executor Who Will Accept
February 01, 2023 12:00 - 8 minutes - 7.05 MBE303 How to Choose an Executor Who Will Accept A common question from our Solo Agers is: does my executor have to accept? Because our Solo Agers spend a LOT of time carefully choosing who will be their executor, it would be terrible if that carefully chosen one decides to not even serve! Our Solo Agers understand the significance about who they choose, and they take it very seriously. We touched on this in Episode 221, but we’ll dig a little deeper into the topic here. It’s just a nomi...
E302 Minimum Estate Size for a Professional Executor
January 25, 2023 12:00 - 8 minutes - 7.53 MBWhat is the minimum estate size that a professional executor will accept? A few prospective clients have called asking, so we’ll review bank executor minimums, our minimums, and some exceptions. Bank executor estate minimum size requirements Typically, bank minimum sizes are high. In New York, it has been as high as 5 million or 2 million liquid assets held with the institution. In most cases, the bank wants an estate with mostly liquid assets. It’s too much of a pain for them to deal wi...
E301 How the Recession Affects Probate
January 18, 2023 12:00 - 8 minutes - 7.39 MBEconomic recession affects probate, just as much as wages, gas, and your grocery bill. We’ll share a few ways we’ve seen how it’s been impacting probates. Takes longer to collect probate assets First, there are major delays in collecting assets. Banks, brokerages, unclaimed funds, etc. are taking way longer than usual to process claims and release funds. They are asking for more documents and are stricter in their requirements. In the past, these financial institutions let some things sli...
E300 Inheritance by Bitcoin Family Wallet
January 11, 2023 12:00 - 11 minutes - 9.3 MBA shared Bitcoin family wallet sounds like a simple way for your heirs to inherit upon your death. We’ll discuss the advantages of this setup, as well as some important drawbacks. What is a Bitcoin family wallet? It is a shared Bitcoin wallet, but not a multisig wallet. It is a singlesig wallet/device/app that multiple family members have access to. Hot wallet example: husband, wife, and kids use an app and all of them have the password and seed phrase. Cold wallet example: husband an...
E299 When do Solo Agers Need a Revocable Trust?
January 04, 2023 12:00 - 9 minutes - 7.85 MBSometimes a revocable trust makes great sense for a solo ager estate plan. Generally, revocable trusts aren’t so great in New York, because they can be hard to fully fund. The main goal of a revocable trust is to avoid probate. Since revocable trusts are hard to fully fund, the goal of avoiding probate is not usually met. Here are a few reasons a revocable trust may nonetheless work for a solo ager. Distant or disinherited heirs Solo agers tend to have distant or disinherited heirs. By d...
E298 Is a Cash Buyer Better for Probate Real Estate?
December 28, 2022 12:00 - 7 minutes - 6.57 MBWhich offer for probate real estate is better: an experienced investor cash buyer, or an individual financed offer that’s supposedly $80,000 more? In a recent case, turns out the individual offer was actually more like $30,000 (~3.5%) higher, plus tons of headaches and delays. Nitpicked during buyer’s inspection Individual buyers heavily nitpick during inspections. Unlike an investor, the individual buyer is the one who will live in the house. He has a vision of how everything should be...
E297 Lessons on Bitcoin Inheritance from El Salvador 2022
December 21, 2022 12:00 - 12 minutes - 10.4 MBHere’s what I learned about bitcoin inheritance at the recent Adopting Bitcoin conference in El Salvador (my full bitcoin inheritance presentation here). Background: (1) One year ago, El Salvador was the first country in world to make bitcoin legal tender, and (2) these conferences tend to be attended by the most hardcore bitcoiners, not so much the everyday users. How does Chivo wallet work for bitcoin inheritance? When El Salvador launched bitcoin as legal tender, that came along with...
E296 How to Sell Probate Real Estate with Bad Neighbors
December 14, 2022 12:00 - 9 minutes - 8.09 MBWe’ll discuss a recent case study of how bad neighbors can harm probate real estate sale, and how to deal with them. Bad neighbor blames estate for water leak I am the professional executor for an estate with real estate that needs to be sold. During this process, we’ve had a neighbor with complaints. First, the neighbor blamed our unit for a water leak. He had water damage in his unit, and he thought it was coming from us. Water damage can lead to mold issues, so we took the complaint ...
E295 Executors as Privacy and Emotional Buffer for Solo Agers
December 07, 2022 12:00Executors see a lot of intimate details and secrets as part of their job. If the executor was a friend or family member of the decedent, this can be very emotional and hard to unsee. It’s often better for friends and family to have a disinterested professional executor instead. Using a professional executor without emotional connection can spare the family and friends from the intimate details. Professional executors protect secrets Executors have a legal duty to protect and honor the rep...