Can the executrix of an estate rent out the deceased person’s residential home for estate profit while waiting for the whole probate process to finish?
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Can the executrix of an estate rent out the deceased person’s residential home for estate profit while waiting for the whole probate process to finish?
Asked on July 15, 2015 under Estate Planning, Virginia
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
I am so sorry for your loss. Generally speaking, yes, the Executrix has the power to manage estate assets during the pendency of the probate and yes, the estate can make a profit from the rental. That would be more for the beneficairies or to carry the charges associated with a home during the probate. Good luck.
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