WHAT An Executor CAN NOT Do During A PROBATE Sale | Real Estate Insights
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- Опубликовано: 3 июн 2024
- Here are the legal guidelines that executors must navigate during a probate sale. Gain a deeper understanding of the probate sale process, learn how to navigate probate sales effectively, understand probate laws, and manage estate properties within legal confines.
Our aim is to provide clear, comprehensive insights for anyone involved in or affected by the probate process. Whether you're an executor, beneficiary, or real estate professional, our expert advice will guide you through the complexities of selling property in probate.
00:00 Intro
00:39 What an executor cannot do
01:28 Story of John and his terrible mistake
02:13 The consequences for John
02:50 What are the best practices for executors or administrators
04:39 Outro
Here at Horizon Real Estate we care about helping you, as the estate executor, administrator or trustee. We want you to feel comfortable throughout the probate process, and to help you get the most money quickly from your estate house or trust property.
Kim Ward DRE#01218310
Ashlie Rivera DRE#02042935
Advisors@ProbateAndTrustHelp.com
619.741.0111
___________________________________________________________________________________
Have a probate house or house in a trust and need guidance on how to prepare and sell? Think of this channel as your real estate resource.
If you’re an executor or administrator and want a free copy of my book "What To Do When You’re Responsible For Real Estate A Loved One Leaves Behind" Or, if you’re a trustee and want a free copy of "Exactly What To Expect As Trustee For Real Estate A Loved One Leaves Behind" simply call my office at 619-741-0111.@@
I’m a full time REALTOR in San Diego, California with Horizon Real Estate. I’m an expert at helping executors, administrators and trustees with probate houses and houses in a trust. A wife, mom to three grown sons and a daughter, plus She-she (that’s my grandma name) to the two cutest, smartest and busiest kids.
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I am NOT a lawyer or tax professional. The presentations reflect my own understanding of the underlying subjects. However, the presentation is based on my professional experience in the field of real estate. The information contained herein should NOT be used as a substitute for the advice of an appropriately qualified and licensed attorney, tax professional or contracted real estate agent/broker. The information provided here is for informational purposes only. You should consult with a professional to seek legal advice regarding your exact circumstances.
If you want to talk with me about San Diego real estate, fell comfortable calling me at 619-741-0111 @@or email me at KimWard@ProbateAndTrustHelp.com
California DRE license #01218310
My mother has a house in Clairemont and a house with two apartments in Old Town. (All are mortgage free) One brother lives with her and wants to keep the house and have me and my brother split the rental property. If it were twice the value of the home I would agree, but it is about 1.5 the amount. Can I put the difference in a trust as a percentage of ownership in the home, payable upon sale or death? This would keep his inheritance from being reassessed and give me or my children an appreciating asset.
Steven, good question. Regarding your mother’s home being reassessed ie. property taxes, my understanding is proposition 19 has an allowance that if he lives in the house for 365 days or more after your mother’s death, he would be able to keep her property tax basis. Regarding your other question, I would really recommend that you speak with real estate attorney to determine how best to address the Clairemont house and the two apartments in old town. Please let me know how it turns out.
Aren't there any goddamn lawyers in Michigan
I'm sorry you're struggling to find a attorney to represent you. I'm located in San Diego county so I cannot refer you to anyone that I know personally. I would suggest using the Michigan state bar website they have a referral service on this page: lrs.michbar.org/
Good luck to you!
😂.I'm the top co executors. Of my mom's will and her stepson is controlling it all with the lawyer and not me. they just tell me, let us do our job. Without any updates. But they keep my half brother informed on everything. Can he control the lawyer and the trust funds by himself? Without my knowledge or not..because that is exactly what they are doing to me..and he's Even said it more than once.
if you're unhappy with how the trust is being handled I would reach out to your attorney and ask them to give you regular updates (weekly) and keep you informed of all changes. Often times there is just a lack of clarity around who should be in the loop for changes or decisions made. Good luck to you.
@ProbateandTrustHelp I do try, his secretary is very rude and they keep giving me the runaround and she well tells me that I'm not listening and to let them do their jobs..every time.. they are clearly not working with me.
@@ProbateandTrustHelp They even let my half brother probate and petition it by himself and when I found out the lawyer told me my half brother went to his office and he was complaining about me saying I wouldn't work with him and we couldn't agree on nothing and they let him probate it and petition it by himself...and I do have the recording of the conversation with the lawyer telling me that..the lawyer could have called me or my half brother could have called me if he had a problem..
I'm going to make my own will, with my children as exicture, has the will to go to probate.
This depends on several factor the first of which being what laws and regulations exist in your city/state/country pertaining to succession laws. Speak with an attorney to get more information on this.
Given the grammar and punctuation errors in your question and lack of knowledge about the subject, you most definitely should consult a qualified estate planning attorney.
@@JT_70 it's the so called highest educated that has this country all fu..k.d up, honest people who never took a penny or hand outs are being trampled on, people like you probably haven't your funeral money. I have my will made, and stops and starts wont matter, money counts, common sense is not in any book, or college . You have a lot to learn.
Hi Kathleen and JT, we're all entitled to our own opinions and thoughts, but the limitations of law are what they are. Each state has their own regulations and guidelines for a will, and I recommend researching thoroughly to ensure that your heirs are receiving their fair share after your passing.
Know that even with a will you heirs can fight what you've requested and can preventing your assets from distributing as you would like. If you want a more secure solution you can build a trust using online services such as NOLO press for minimum cost (I believe about $100). A trust is legally more binding and can stop one heir from securing all the asset for themselves, not to mention preventing fees that would come from the probate process. Good luck to you.
What are your guys's phone number?
Hi, do you have a question about a San Diego Probate or Trust property?