Probate Real Estate Specialist
When settling an estate, real property is often the largest asset and is a key component of completing the probate process. As a Central Florida Probate Real Estate Specialist, I can handle the sale of real estate property for you.
Today’s real estate business demands specialized knowledge and technical expertise.
My team approach means that we can be readily responsive to your needs . At the same time, meet the constant demands of the marketplace – showing property, counseling potential buyers and their agents, managing disclosures and documentation, trouble-shooting, handling the requirements of the Probate Court, and aggressively marketing properties for maximum benefit to the estate or trust.
WHAT IS PROBATE?
Probate is the legal process used to distribute the assets of a decedent’s estate after he or she dies. The court decides whether or not the will is valid, helps to identify and inventory the estate’s assets, has the property in the estate appraised, sees to it that any debts or taxes owed by the estate are paid, and oversees the distribution of all remaining property as the will directs, or if there is no will, as state law directs.
WHAT IF THERE IS NO WILL
An important part of making a will is naming someone to serve as your executor, also called a personal representative in some states. The executor is the person who will be in charge of your property after your death. The executor will gather your assets and keep them safe, pay debts and taxes, and distribute your assets following the terms of your will.
But if you don’t leave a will, you can’t name someone to be your executor. So in that case, who’s the executor?
It’s a trick question—if there isn’t a will, technically there can’t be an executor. But there will be someone who takes on all the responsibilities of an executor. That person will be called the administrator or the personal representative, depending on the custom in your state.
GUIDANCE FROM STATE LAW
It’s up to the probate court to appoint an administrator if one is needed. But how does the court, without guidance from a will, choose someone? The answer is found in state law. Every state sets out an order of priority for judges to follow when appointing an administrator. For example, here is the priority list for serving as an administrator in FLORIDA:
Surviving spouse or a person the spouse nominates, Children, Mother or Father, Brother, Sister, Grandchildren, Next of kin entitled to inherit under state law, Creditors, or Any legally competent person.
WHAT DO I DO NOW:
Contact your attorney, use a referral from someone you know or you can select one for yourself.
Contact a Probate Real Estate Specialist if you have Real Property to sell (Home, Vacant land, Rentals).
CALL ME TODAY 321-591-947 I’m as always happy to answer in questions or concerns you may have.
PROBATE REAL ESTATE SPECIALIST