A member of my family recently passed away and left his house to his children in a will and not through a trust. I know that leaving a house in a trust is the best thing to do, but I can't remember why. I know that you avoid fees by leaving the house through a trust but what do the fees entail exactly? Legal fees and transfer tax? It is also in a different state, Pennsylvania, so I am not sure how much help I can be.
Any help would be appreciated and I would love to hear from any Realtors near Greensburg, PA.
On another note, one of my listings is an estate and it has been very challenging to get all of the siblings to agree on a price and price reductions. There is one personal representative to the estate but all of the siblings have an equal say. I have never met two of the siblings so that makes it difficult. Does anyone have any experience with this?
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