Choose ethical partners when settling relative’s estate

Q: Should I stage my home for sale? How do I know what to leave behind for staging? Corinne B., Milton

A: Most realtors will advise you on whether your home should be staged, which is typically done to define areas and allow potential buyers to envision themselves in your home. We often work with realtors, packing up what is not needed for staging, i.e. personal items, knickknacks, sometimes rugs to showcase the beautiful hardwood floors. In many cases, new buyers may want to buy the furniture in the home.

Q: Is it possible to change a multi-level home into single-floor living to avoid the stairs? Bob B., Laurel

A: Yes! And for some people, that’s a better solution compared to moving into a single-level home or condominium. It may, however, require some remodeling, which should be considered both financially and from a disruption perspective. In some homes, that might mean adding a full bathroom and adapting a living space into a bedroom.

Q: My aunt in Rehoboth recently died, and I am the trustee of her estate. I live in Pennsylvania and cannot be present for every step of cleaning out her home. The lawyer who drew up her estate documents is requiring specific details of every item donated or sold. I’m at a loss for how to handle this paperwork. Chuck W., Harrisburg, Pa.

A: I’m sorry for your loss, Bob. And, yes this is a common issue. You’re not being singled out! Estate lawyers, in order to settle and close a trust, need the following:

• Single-contact, full-service account management
• Uniform Standards of Professional Appraisal Practice-compliant professional inventory, to include photographic and/or video records
• USPAP-compliant Tangible Personal Property appraisal, market valuation, or replacement valuation
• On-site document and record searches
• Secure inventory sales, with documentation.

You should also be able to show that whoever you choose to help you in cleaning out the house is fully trained, insured, background checked, and industry certified. It’s a big job, Bob. You’re kind to do this for your aunt. Make sure you trust your partners, and you should be good to get the job done.