Home Selling in West Town>Question Details

Mary, Home Seller in Illinois

Do all heirs have to sign at closing in the selling of an estate when there is an executer?

Asked by Mary, Illinois Sat Apr 19, 2008

This is in Illinois.

Help the community by answering this question:

Answers

6
is the executor responsible for getting deeds to heirs in n.c.?
0 votes Thank Flag Link Tue Jun 3, 2014
Mary
You need to ask an attorney. We have no idea of the documents involved, nor most of us attorneys practicing in Illinois. Sometimes when posters ask questions like this on Trulia a well-intended, but incorrect, answer could really cause you some trouble.
0 votes Thank Flag Link Sun Apr 20, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
I would think that your real estate attorney that you have hired for this transaction should have the answers.
0 votes Thank Flag Link Sun Apr 20, 2008
As I said, it is a simple process if the property is in a liviving trust. The idea of a living trust is to keep the Lawyers and State from taking a piece of the action.

If it is not in a trust then yes, Mwass would be correct.
0 votes Thank Flag Link Sun Apr 20, 2008
not quite as simple an answer as carl suggests. as with most legal issues, the answer here (in my estimation, and based on the information that you provided) is "it depends." check with your real estate lawyer, as he or she will be able to give you a more definitive answer

if the property is owned in a trust (as in carl's scenario) the trustee signs the deed.

if the estate is in probate and is an "independent administration," the administrator/executor signs the deed.

if the probate is a "supervised" administration, the administrator/executor signs the deed, but needs a court order to sell

if there is no probate of the estate, all the heirs should sign the deed.
0 votes Thank Flag Link Sun Apr 20, 2008
Hi,
I just finished selling a property for an estate where I am the executor. All my Realtor asked was for a copy of the living trust where it showed that I was the executor.

Pretty simple process. The proceeds of the sale will go to the living trust account which the executor should have already set up. If the estate is not in a trust then I believe that it will go through probate and then the State gets a piece of the action.

Good Luck.
0 votes Thank Flag Link Sat Apr 19, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer