Tuesday, March 7, 2023
Article: Real Estate and Related Issues in the Estate Administration Process
Michael A. Sneeringer (Porter Wright) recently published an article, Real Estate and Related Issues in the Estate Administration Process, ABA Real Property, Trust & Estate Law Journal, 2023. Provided below is an introduction to the Article:
Real estate attorneys are fast talking, dress well, and are aggressive, but up until 2020 may not have been as busy as in 2021 and 2022. There appears to have been a real estate boom in the United States. Interest rates helped. See Diana Olick, Confused About the Housing Market? Here’s What’s Happening Now—and What Could Happen Next, CNBC (Sept. 9, 2022), https://cnb.cx/3CqwEEc. But the recent real estate boom coupled with COVID and now a post-COVID world has shown attorneys that estate administration can play a crucial role with real estate. During the COVID years, there was an increase in deaths, leading presumably to more sales of real estate inherited by beneficiaries. Shannon Sabo & Sandra Johnson, Pandemic Disrupted Historical Mortality Patterns, Caused Largest Jump in Deaths in 100 Years, U.S. Census Bureau (Mar. 24, 2022), https://bit.ly/3WSYCQZ. In any given estate administration, a multitude of things can go wrong in a hurry when it comes to real estate.