For many, probate is an evil term that brings up frightening images of family assets being seized and property languishing for years while court decisions are made. However, that is not at all the reality. Probate is a simple process where the court supervises the administration and distribution of an estate after a death. In this legal procedure, the court inventories assets, determines any outstanding liabilities or taxes that need to be paid, and then distributes the assets to qualifying beneficiaries. In some cases, the descendant’s estate includes real property that must be sold under the court’s supervision.
Probate helps beneficiaries sort out a confusing will if there are multiple heirs, several properties or a large number of liabilities. Fortunately, in the State of California, probate does not have to be an onerous process. If a probate property is a Trust Sale or if the Executor/Administrator of the estate has been granted “full independent powers” under the Independent Administration of Estates Act (IAEA), the sale may not require court confirmation.
Why hire Geoff Hollands for a Probate or Trust Sale?
First and foremost, it is beneficial to have a Realtor skilled in navigating through family tension and distrust that often follows after a death. It requires a combination of patience, understanding and ability to take-charge. With Geoff Hollands, taking care of the property during the probate process means making sure everyone has a clear acceptance of what is expected of them and the need to eliminate contingencies.
Probate real estate sales can be complex legal matters. Most real estate agents are not well-versed in the probate process. Geoff will explain to you the timelines, disclosures, overbid process, and California probate laws that are part of the process. He will act as a consultant on home repairs and upgrades to ensure that the home sells for the most amount of money in the shortest amount of time.
Geoff will represent your interests throughout the transaction. He will aggressively market your home and sharply negotiate a deal the benefits the family.
Have more questions about trust and probate sales? Learn more by connecting with Geoff today. He looks forward to hearing from you and guiding you through these unfamiliar waters. Connect today!