Title Insurance Tuesday- Learn Here
Summit Title LDS
Summit Title LDS
Seems Like A Simple Question...
"Can a Personal Representative of an estate deed property to themselves?"
WIS. Stat. 860.13 states that a Personal Representative (PR) cannot purchase, lease, or take a mortgage on a property owned by an estate unless he or she obtains:
A. Written consent of all adult heirs (or guardians in the case of minor or incompetent heirs;) or
B. A court order approving and confirming the sale.
Neither action is necessary if the Will specifically gives the PR the authority to purchase, lease, or take a mortgage on specific estate property.
WIS. Stat. 860.13 states that a Personal Representative (PR) cannot purchase, lease, or take a mortgage on a property owned by an estate unless he or she obtains:
A. Written consent of all adult heirs (or guardians in the case of minor or incompetent heirs;) or
B. A court order approving and confirming the sale.
Neither action is necessary if the Will specifically gives the PR the authority to purchase, lease, or take a mortgage on specific estate property.
Stay tuned for another Title Tuesday- Learn More...
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