Following a person’s death some of their property may need to be sold. Property includes houses, jewellery, antiques, and other intangible property (patents and copyrights). If the deceased has left a Will then the property will usually pass in accordance with the Will, and it is down to the Executors of the Will to ensure the estate is dealt with correctly.
When dealing with selling a property it is important to be mindful of the following:
- If the house has been unoccupied for more than 30 days you may require “vacant property insurance”
- Keep up property maintenance, clear clutter and change the locks in case spare keys have been left with people you do not know
- Get at least three valuations to satisfy the requirements of the tax man
Beacon Wealth Legal can offer you help with legal work required for the sale of a property during administration of an estate. Call now for more information.