New solution launched to help clients sell high-asset estates and trust-owned properties

New solution launched to help clients sell high-asset estates and trust-owned properties
Family offices among intended users of first-of-kind operation.
AUG 06, 2024

A world-renowned luxury auction and real estate brand is focusing on the great generational wealth transfer with a new division to help wealthy clients sell high-asset estates and trust-owned properties.

Christies International Real Estate Group, headquartered in New York City, has launched its new Trusts and Estates Division, to advise on the sales aspects along with all the complex related services required by attorneys, executors, trustees, heirs, and family offices.

"The real estate market is on the precipice of the greatest generational wealth transfer in history,” said Howard Morrel, co-founder of the new division. “Attorneys and their clients are swamped with complex issues, new demands, and stunning new valuations. This launch is strategically timed to be at the forefront of this moment.”

Through its ties to the Christies auction house business, the new division will also advise on the sale of luxury art and collectibles and distribution of goods to beneficiaries.

“I think the industry will recognize this move as a natural extension of Christie’s unmatched work in both fine art and luxury real estate—and a necessary response to this unique moment,” said Leslie Hirsch, co-founder of the division and Howard Morrel’s business partner.

Morrell and Hirsch are renowned real estate agents with a combined 60+ years of experience guiding ultra-high-net-worth individuals as brokers and advisors and selling around $3.5 billion of real estate assets. They are well known on New York’s ‘Billionaires’ Row’ and with attorneys and family offices in trust-owned properties and luxury estate sales.

Latest News

Edward Jones announces C-suite shakeup with eye toward next chapter
Edward Jones announces C-suite shakeup with eye toward next chapter

The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.

Harvard muni bonds a buy amid battle with Trump White House, Barclays says
Harvard muni bonds a buy amid battle with Trump White House, Barclays says

Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."

The great wealth transfer demands a wealth management revolution
The great wealth transfer demands a wealth management revolution

As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.

Independent Financial Group taps industry veteran Keefe as new president, COO
Independent Financial Group taps industry veteran Keefe as new president, COO

IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.

Net Positive Consortium gains momentum with new members, first strategic partner
Net Positive Consortium gains momentum with new members, first strategic partner

Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.