What is the probate process is a frequent question when a family member dies. The probate process and the administration of an estate can quickly become complicated, particularly if several heirs are involved. Disputes about the validity of a will or trust, as well as the proper manner in which they should be executed, can easily emerge, and resolving these issues often requires legal intervention.
What is probate?
Nolo Law for All says “Probate is a legal process that takes place after someone dies. It includes:
- proving in court that a deceased person’s will is valid (usually a routine matter)
- identifying and inventorying the deceased person’s property
- having the property appraised, paying debts and taxes, and
- distributing the remaining property as the will (or state law, if there’s no will) directs.
Does all property have to go through probate when a person dies?
Nolo Law for All says, no! Most states allow a certain amount of property to pass free of probate or through a simplified probate procedure. Keep in mind, property that passes outside of your will — say, through joint tenancy or a living trust — is not subject to probate.
What does a probate attorney do?
A probate attorney will encourage a family to have a will to ensure that all assets will pass to the heirs quickly and efficiently. A will expresses the clear wishes for disposition of assets after the passing of a loved one. Inter-family disputes over assets are some of the most stressful events for a family. Drawing up a will with a probate attorney is one of the most loving things you can do for your family.
Can the house be sold during probate?
Even before clearing probate, the heirs may quickly dispose of the property. Their choices for disposal of the property includes using a realtor with a MLS listing, selling the property themselves, and using a real estate investor.
We are Trusted Homebuyers and here’s how we can help. The heirs may not want to bring the house up to today’s standards. There may be no money for repairing, paying taxes. There may not be an inclination to spend time renting, or staging and showing the house. We are a cash buyer solution. We can buy the property “As-Is” and we don’t require repairs; we pay cash and can close quickly if needed, sometimes as little as seven days; and there are no closing costs or inspections for the seller.
Trusted Homebuyers is part of a nationwide group of thousands of investors who are helping tens of thousands of homeowners every year. We may not be the “traditional” route, but we CAN help and we can do it quickly.
Trusted Homebuyers is a company that offers help/solutions etc.