Fiduciary Real Estate Advisors Frequently Asked Questions:

My mother is 87 years old and is still living by herself in the home I grew up in. My brothers and I are not comfortable with this arrangement. If we mention assisted care living to her she becomes very upset and doesn't want to discuss the issue. Who can help us talk to her about alternatives?

Elderly clients who have become frail or who are in need of some assistance with their day to day activities are always apprehensive when suggestions are made about assisted care or nursing home alternative living arrangements. Elders usually react negatively to these suggestions because they have a misconception about what might be in store for them and they are afraid of a loss of independence. Family members are the ones faced with this dilemma. Since they may be faced with this situation only once or twice in their lifetime, they are not always fully informed about the transition process and the alternatives currently available. In all cases the emotions involved make it very difficult for them to discuss the situation with the elder and to make informed, accurate decisions.

Fiduciary Real Estate Advisors LLC has extensive experience dealing with the transition from an established homestead to an alternative living arrangement for elders. FREA can assist the client, the family and the caregiver with researching alternative living arrangements and making recommendations. FREA can assist in the transition process by arranging for the management of the clients property until the move as well as the moving of the client's personal property and the final sale of the client's home.

For more information about the services provided by Fiduciary Real Estate Advisors LLC or to arrange an initial consultation regarding alternative living arrangements, please call Carl Izzo, Managing Director at telephone number 617-345-3600.

I lease an apartment to a single person who is always late paying the rent. Can I charge a late payment penalty if the rent is late again?

In Massachusetts, no lease or other rental agreement shall impose any interest or penalty for failure to pay rent until thirty days after such rent shall have been due.

Dealing with tenant issues is not always easy for inexperienced landlords. Fiduciary Real Estate Advisors LLC relieves clients of day to day management details which are frequently burdensome and which, in some instances, involve unwelcome, but unavoidable personal contacts.

My brother and I recently inherited real estate from our grandfather's estate. While we would like to keep the property for sentimental reasons, we realize that this may not be the most practical decision or in our best interest. Neither of us have any interest in managing the property or buying the other's interest. Where can we go for advice about this type of situation?

Most people make decisions about real estate only two or three times during their lifetime. Decisions that will affect an individual's current or future finances and lifestyle should not be made during an emotional time nor should they be made without the advice and guidance of an experienced real estate counselor.

Fiduciary Real Estate Advisors LLC was formed to provide this type of advice and counseling. Our staff has over 30 years experience handling unusual, complex and time consuming real estate matters specifically involving personal trust and estate matters. Fiduciary Real Estate Advisors will work closely with your legal counsel and will coordinate the expertise of real estate and other professionals to develop an appropriate plan for your particular situation.

For more information about the services available from Fiduciary Real Estate Advisors LLC, please contact: