Milwaukee, WI asked in Real Estate Law for Wisconsin

Q: I have vacant land inherited from my father who passed last year. The property is held in a Revocable Trust.

All heirs have signed a disclaimer of abandonment. As trustee, can I still sell the land?

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1 Lawyer Answer
Anthony M. Avery
Anthony M. Avery
PREMIUM
Answered

A: The Trust is probably Irrevocable now. Hire a competent attorney to search the Title. As Trustee you may or may not be able to sell the land as the fiduciary. At worst, all interested Parties, Trustee and Beneficiaries, can convey as grantors unless there is a future interest estate created by the Trust.

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