No matter how prepared you might be, the task of selling California residential or commercial property to settle an estate can be daunting. As the Executor or Personal Representative of the estate, you face an array of fiduciary responsibilities. Fortunately, you...
In California, a probate referee is typically assigned to a probate case to examine the non-cash assets of the estate and appraise their current value. This person may be an attorney or a CPA with relevant training and experience, In some California counties, a...
California is a Community Property state, and that can lead to assumptions about what happens to real estate when one spouse passes away. Much of it has to do with how the property was titled. For example, if two people are married to each other, but only one of them...
Often times, a property going through probate faces challenging issues that make the property unmarketable to the general public, or may require a “cash-only” investor to sell. These can include properties that have substandard conditions, have been...
When selling real property going through the probate process, the personal representative has many considerations to take into account including (a) satisfying all beneficiaries; (b) following proper court procedures; (c) ensuring that the properties sell for the...
When the court appoints you as personal representative of an estate, you become and officer of the court and assume certain duties and obligations. As attorney is best qualified to advise you about these matters. You should understand the following: Prudent...