Probate is the court-supervised process of reviewing a deceased person’s assets and making sure they get distributed to their rightful heirs. The process makes sure the heirs are distributed what was legally left to them through a will.
Probate is different from one family to the next. The process can be complex or simple based on the Estate. You are strongly advised to hire an attorney to walk you through the steps of probating and closing an estate. You will have to file for accounting and submit a final tax return. Realtors are not attorneys and cannot advise you of how to handle your estate, but they can walk you through the sale of real estate.
Things that affect probate:
How complex your estate is
What state you live in
How well your personal representative handles their duties
How busy the courts are
Whether anyone contests the will
Once you have the authority to sell a probate property you will need to:
Hire an independent appraiser to determine the property’s market value Your realtor can also provide you with a market analysis while you are waiting on the appraisal.
Sell the property for no less than a certain percentage of the appraised value (otherwise, the probate court may not approve the sale)
Publish notice of the sale in a local newspaper for a certain number of consecutive weeks
Cerae has a background in Estates and Trusts as a paralegal. She understands the difficult situations a families endure when they go through the probate process. She has help families sell their probate properties.