For trustees, fiduciaries, and asset managers
A clear process for assets that carry responsibility.
Trustees, fiduciaries, asset managers, and institutional representatives need a process that addresses authority, documentation, timing, access, stakeholders, and reporting before an asset is brought to market. Prime provides auction, appraisal, and transition support for real estate and personal property.
Establish an accountable disposition process.
The initial review identifies the decision-maker, the assets involved, required documentation, interested parties, valuation needs, deadlines, and the likely disposition paths. The scope can then be matched to the property and the authority available.
- Who has authority to engage and approve the work?
- What assets and records are included?
- Who needs updates, and how should progress be reported?
- Which deadlines, access rules, or occupancy requirements apply?
- Which assets may need valuation, auction, specialist review, or another disposition path?
Real estate can be evaluated around the assignment’s terms and timing.
Residential properties, luxury estates, commercial real estate, land, investment properties, and portfolios can be reviewed for an auction strategy with defined terms and a scheduled sale event. Prime evaluates each property and assignment before recommending a structure.
Personal property may have more than one path.
Household contents, collections, artwork, furniture, jewelry, silver, rugs, and decorative objects may be evaluated for auction, appraisal, specialist review, family distribution, or another documented disposition route.
Document milestones and communication expectations.
Prime defines the work, responsibilities, milestones, and reporting expectations at the start of an assignment so the fiduciary and professional team can understand what happens next. The agreed scope is specific to the assignment and does not replace the fiduciary’s independent duties or professional advisors.
Start With A Clear First Conversation.
Share the property or assignment, the people involved, the timing, and the decision you need to make. Prime will review the situation before recommending a scope.