Probate real estate professionals should not only understand and deal efficiently with the prep and sale of a probate property. They should have an equally efficient handle on the whole probate process. In that way, they provide clients with much better familiarity in something that otherwise may bewilder many. And in providing clear guidance, the role of probate real estate professionals ideally includes building confidence in a solid plan through the process and well-defined goal. As a result along the… Read more
Not many people have a lot of questions about the Probate Administration process, until, they may have to deal with it themselves. For one reason or another, and at that point, they may find it in their best interest to know more. In fact, they may find themselves thrust into an Executor position, or other situation dealing directly with probate property. Then, it becomes a need-to-know, in order to ensure the best possible outcome. And then, plenty of questions arise… Read more
Note in our previous blog, we explained the Probate Administration process. And, understanding it plays an important role in understanding Probate Executor responsibilities. In fact, an Executor, as named in a decedent’s will, must be the one overseeing the estate. They must typically initiate the probate case and play a primary role throughout the process, with the court system. They must do that through closing the estate. In some of the first steps, an Executor typically opens the probate case,… Read more
In some cases when a person dies, the estate left behind by them receives handling through the probate process. And with such cases, the probate court comes into play. In fact, very specific legal details and protocols fall under the whole process. Of special not among these are Full Authority and Limited Authority. As a result, this blog will focus on full vs limited authority probate, starting with Letters of Testamentary. Letters of Testamentary come from the probate court. And,… Read more
Put simply, probate refers to a process for handling and dispensing property of deceased persons. The process can often involve the lack of a will or key stipulations in a will. And in light of that, the probate process with probate court comes into play. The probate process explained, in effect, means the estate must go directly through legal hurdles and channels for its handling and settling. If any beneficiaries are included in the will, the probate process includes dealing… Read more
An Administrator or Executor amounts to basically the same position. They are someone who is designated to carry out the terms of an estate plan, upon the death of the estate owner. The deceased names that person in their will. Or if no will exists, someone still must carry out those duties. In effect, an Administrator. And, both assignments simply become a personal representative for the proper overseeing and settling of the probate or trust process. In fact, Administrator and… Read more
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