What could be better than inheriting an estate with real estate holdings? Look around any area of this city — that’s how many of the most prominent real estate empires were built. But it’s not all wealth and power for the heirs. There can be a lot of issues to deal with.
Yesterday, a real estate broker with whom I work closely called to see if I could help with a property sale from an estate that she was working on. It was a complicated matter and for a while, it looked like a real problem, but then I was able to offer a solution that made it all work.
There’s great pride in passing a family home from one generation to the next. Sometimes, this allows relatives to remain in close contact under one roof and ensures attentive care to the elders and the children. But it can create a lot of conflict, too.
