Bessemer Trust has released its Wealth Planning Insight: Real Estate Closings in the Current Environment. The Abstract is as follows:
Residential real estate sales and purchases have become increasingly challenging given the imposition of social distancing restrictions in recent weeks. That said, the participants and interactions they rely on to complete real estate transactions are swiftly evolving to adapt to these rapidly changing circumstances.
In this Wealth Planning Insights, Head of Real Estate Advisory Andrew M. Feder and Real Estate Operations Associate Mary Pat Moriarty discuss how real estate transactions can be impacted by current restrictions and point to some possible ways of accomplishing the necessary tasks.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.