With over 30 years of experience, the Harb and Co. Team assists Trusts, Trustees, and Beneficiaries in selling real estate throughout Los Angeles County. A Trustor, also known as the Grantor or Settlor, creates a Trust that benefits one or more other persons or entities (the Beneficiary*). The Trustee, as a fiduciary, manages and controls the Trust’s assets. In addition, the Trust acts as a legal entity that controls only funded assets and provides instructions for managing those assets. Furthermore, California law allows the same person to serve as the Trustor, Trustee, and Beneficiary. Finally, if you want to find a Realtor specializing in trust sales, look no further.
In a Trust sale, the Trustee follows the Trustor’s instructions to sell real property. They typically hire advisors, such as Realtors specializing in trust sales, CPAs, and attorneys. The sale proceeds are designated for the benefit of the Beneficiary, not the Trustee. Therefore, the Trustee does not personally receive or control these funds.If you are a Trustee contemplating the sale of real property, The Harb and Co. Team has decades of experience representing trustees selling real estate throughout Los Angeles County. Additionally we work closely with your attorney and financial advisors to ensure you understand the sale process and the implications of your decisions along the way. For additional information, simply call our office at (818) 790-7325
*A beneficiary is an individual (or entity) designated to receive the benefits of property owned by someone else.
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