I would reconsider the renovations or upgrades. A potential buyer may have different standards or tastes, and could perform the renovations themselves to their own specifications.
If there are repairs that would protect the condition of the house (eg fixing a leaky roof), I think you should perform the repairs using estate or trust assets outside the home, or a small-scale HELOC. (Arguably, the executor/trustee *must* act to preserve the value of the estate/trust.)
One of you could also lend to the estate or trust if that’s permitted, and the amount is not significant.
If there are repairs that would protect the condition of the house (eg fixing a leaky roof), I think you should perform the repairs using estate or trust assets outside the home, or a small-scale HELOC. (Arguably, the executor/trustee *must* act to preserve the value of the estate/trust.)
One of you could also lend to the estate or trust if that’s permitted, and the amount is not significant.
Statistics: Posted by dailybagel — Tue Jul 23, 2024 1:05 pm — Replies 2 — Views 126