Episode 5: Exploring The Intricacies of Probate Sales & Transfers

In Episode 5 of the #TVLawyer Podcast, Melinda Giles is joined by Giles Wilson Associate and Private Client expert Demi Trunks to unravel the complexities of probate sales and transfers. Managing a loved one’s property after their passing is an honour, but without proper legal guidance, it can become overwhelming and leave executors personally liable. Melinda and Demi discuss what to consider when selling a probate property, the importance of accurate valuations, and how taxes like Inheritance Tax and Capital Gains Tax impact the process.  They also explore how to handle disputes between executors, the option of letting out a probate property, the dynamics of managing probate in blended families as well as the significance of legal advice and the powerful role of a Declaration of Trust for joint homeowners.