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 red-tagged by the City, are going through foreclosure, need major repair work, suffer from vacancies or delinquent tenants,...Read More
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 highest possible price; (d) making sure the property is taken care of and presentable at sale; and (e)...Read More
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 Investments – You must manage the estate assets with the care of a prudent person...Read More
Understanding probate is a life skill for managing family affairs. While no one likes to think about someone passing, learning about probate in advance is better than trying to absorb it at a difficult time. Here are probate basics everyone should know: A will isn’t a substitute for probate. Probate is the legal term for gathering...Read More
