Steer Clear of These 7 Costly Mistakes Executors Often Make

Note book and light bulb on wood table

Probate executors and administrators are no strangers to the pitfalls that can drain an estate’s finances. These blunders have, in some cases, resulted in staggering losses, ranging from thousands to tens of thousands of dollars. It’s my sincerest hope that you can avoid falling into the same traps!

Here are the Top 7 Mistakes that many Probate Executors and Administrators Make:

#1 Neglecting the Crucial Questions When Interviewing a Real Estate Agent for Selling Probate Property

#2 Failing to Define a Clear Desired Outcome

#3 Relying Solely on the Probate Attorney for All Aspects of the Probate Process

#4 Procrastinating the Initiation of the Probate Process

#5 Overlooking Accurate Accounting Record Keeping

#6 Prioritizing Personal Connections Over the Expertise of a CPRES Agent (Certified Probate Real Estate Specialist) for Listing the Property

#7 Being Unaware of the Pros and Cons of Selling the Property, Renting it, or Retaining it within the Probate Estate

I understand that your probate responsibilities keep you busy. Feel free to save my contact information, and when the time is right, reach out to me, Bob, to discuss your probate real estate needs and address any concerns you may have. Your peace of mind is my priority!