Legal Question in Real Estate Law in Massachusetts
License to Sell
Is a License to Sell necessary if there is an Adminstratrix appointed?
Asked on 3/07/09, 12:56 pm
2 Answers from Attorneys
Herbert Cooper
Law Offices of Jameson & Cooper
Re: License to Sell
Generally, title to real estate "passes" to the intestate heirs (or devisees under the will) at the time of death, subject to a right in the fiduciary to reach the value of the real estate under certain circumstances.
To the extent that all the beneficiaries and the fiduciary (e.g., administratrix) join in a deed, there is less of an issue from the buyer's perspective. However, a fiduciary is often protected by the nature of a License to Sell from later claims by creditors or beneficiaries that a sufficient price was not obtained.
Answered on 3/09/09, 2:54 pm
Re: License to Sell
Yes, you need permission from the probate court to sell certain assets.
Answered on 3/07/09, 1:14 pm