Liquidating real estate assets

05-Jan-2020 03:17

Check with your state laws to learn if this defers estate taxes under "marital exemption" regulations.Placing real estate in a trust does not eliminate your need for a will, because you will have other assets not included in the trust.The trustee manages the use and finances of the real estate.

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If you have a spouse as co-owner of your real property and named a trustee, you can provide that the first deceased spouse transfers all trust assets to the surviving spouse.

Following a three-year attempt at reorganization under Chapter 11 bankruptcy, the firm announced it would close all 216 stores and liquidate its inventories and real estate.