How Parcel of Land Can Delay Settlement of an Estate

The passing of a loved one is an emotionally trying time, and dealing with the legal processes that come afterward can add a layer of stress to an already difficult situation.

One of the most common challenges that arise during the estate settlement process is dealing with parcels of vacant land that might be part of the estate, but are relatively fractional of total estate value.

More often than not these parcels would have marketability issues or might be considered “highly illiquid”. This could cause the estate to remain open or delay closing of trust until this real estate is sold or otherwise liquidated. Throughout the years we worked closely with numerous trustees, estate executors, administrators, family and probate attorneys in assisting them with liquidating these parcels and helping to expedite the estate settlement or closing of trust. If you are facing a situation where one or multiple parcels of land are delaying the settlement of an estate or closing of trust, please get in touch with us and let’s discuss how we can be of assistance in this matter. You also can submit your property information here.