Realizing an Estate's Value Through Property Sales
At the law firm of Barry Seidel & Associates, Attorneys at Law, I help executors and administrators with the valuation and sale of estate property. An experienced lawyer's advice can help you maximize the value of an estate's assets while avoiding liability for waste, neglect or other breach of fiduciary duty. Contact my office in Forest Hills (Queens) for dependable advice about all aspects of estate sales, asset liquidation and the payment of any estate debts from the proceeds.
Call 718-793-1133 for Advice About the Sale of Real or Personal Property
The main objective of any sale of estate property is to achieve the highest practicable cash return for heirs and beneficiaries, given the nature of the assets to be liquidated. At the same time, if you're responsible to the estate as an executor or administrator, you need to be sure that the method and time of sale is suitable for achieving the goal of a high return as well as ensuring that any estate taxes are paid and debts are satisfied.
My experience with the sale of a wide range of estate property can help you meet your fiduciary responsibilities with respect to assets like:
- Single-family houses
- New York City co-op apartments, townhouses or condos
- Vacation homes, timeshares or resort properties located in New York state
- Real estate investment interests held by LLCs or management companies
- Interests in closely held corporations or partnerships
- Stocks, bonds and other securities that aren't publicly traded or quoted
- Collections of antiques, rare coins or art
- Private libraries
- Collectibles, anything from sports memorabilia to classic cars
I advise and represent both local executors and out-of-state personal representatives on all aspects of estate sales, from the preparation of the inventory to the investment of the proceeds pending distribution. To learn how your probate estate can benefit from my ability to protect the value of the assets through sophisticated liquidation strategies, contact my office, Barry Seidel & Associates, Attorneys at Law. I serve clients throughout New York City, Long Island and Westchester.
