Maintaining Property Through Probate
In many estates, it is common for property to be managed during the period of administration and thereafter, during a prolonged period, for the benefit of the family. It is important to properly designate the trustees who will be responsible for property management.
Preserving Your Property
Often, even if family members are involved, it is important to appoint a third party with experience in property management. Remember, rent must be collected and expenses must be paid in order to preserve the property. The use of an individual trustee for maintenance and rent collection is an excellent idea.
At the Elder Law Centers in Boston, Massachusetts, our attorneys help families determine how estate property should be managed and by whom.