Probate is the legal process through which a deceased person’s assets are distributed and their debts are paid off under court supervision. The primary goals of probate are to ensure that the deceased person’s estate is handled according to their wishes (if they had a will) and to protect the rights of creditors and beneficiaries. […]
Probate FAQ | Q&A
Q: I am in possession of a will that distributes the decedent’s estate to me, isn’t this all I need? A: No. The will must be admitted to probate and the estate of the decedent must be “probated.” Q: What does “probate” actually mean? A: Generally, probate is a court proceeding that administers the estate of an individual. Q: What […]
While Real Property Is “In Probate” Can It Be Sold?
While Real Property Is “In Probate” Can It Be Sold? Yes. Without getting into too much detail it can be sold either at private sale in which the executor of the estate negotiates a transaction with a buyer or at public sale in which the property is sold at public auction. Joanne Brown, GRI, SRES, […]
What Are the Steps to Normal Uncontested Probate?
Very generally speaking they are as follows: Death of the decedent then the will is delivered to the executor or Court Clerk. A petition is filed for the Probate of Will or Letters of Administration and a hearing is held on the petition. Letters of Administration are issued by the Court then notice to creditors […]
What is Probate? Why?
What is Probate? Why? Joanne Brown Probate Specialist DRE:01358847 Probate4U.com Probate4U.net Probate4U.info For more information contact me. Probate is the legal process through which a deceased person’s assets are distributed to their heirs or beneficiaries and their debts are paid off. This process involves validating the deceased person’s will (if one exists), identifying and inventorying […]
Four Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 […]
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What Is a Foreclosure? Financial hardship can strike unexpectedly — and when mortgage payments fall behind, homeowners often feel overwhelmed and unsure where to turn. Foreclosure is one of the most difficult challenges a property owner can face, but understanding the process can make all the difference. A foreclosure is the legal process that allows […]