A practical worksheet for attorneys, executors, and heirs weighing the options.

When a trust or estate includes real property—and especially if there are multiple heirs—one of the first debates is whether to sell, hold, or rent the asset. The wrong choice creates future disputes or financial headaches.

This worksheet lays out the objective pros, cons, and typical consequences of each option, so everyone can see the tradeoffs and approach the decision with the facts, not just gut feeling.

What’s in the matrix:
– Clear columns: Sell, Hold, Rent—each with benefits, risks, and key questions
– Space to note family goals, timing needs, cash coming in/out, and tax/capital gains angles
– Common “red flag” scenarios for each option (market risk, property condition, family conflict risk, etc.)
– A next-steps summary to help the attorney or fiduciary guide the family to consensus

Print for your files or use live in family/attorney meetings as a visual anchor to keep the conversation grounded—even if opinions differ.