Being a Real Estate Trustee
This article addresses being a San Diego Real Estate Trustee and the experience of aggressive beneficiaries.
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Can a House be Sold in Probate?
The simple answer to this question is yes, a San Diego house can be sold while in probate. Real estate is typically the largest asset within the estate and experience shows that most San Diego Executors and Administrators choose to sell the house during the probate period.
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Executor vs Administrator of an Estate
When the decedent leaves a will, an “Executor” is responsible to carry out the directions and requests set forth in that will. Conversely, when a decedent dies “intestate” (i.e., the person passed away without leaving a will), the San Diego Probate Court appoints an “Administrator” to manage the decedent’s estate.
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Probate Steps
San Diego probate is the court procedure that changes the legal ownership of the decedent’s property. The purpose of probate is to make sure that, in the presence of a will, the decedent’s wishes are carried out, including appointment of the decedent’s Executor. In the case that the decedent passed away intestate (without a will), the San Diego probate court would typically appoint a family member to act as Administrator.
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Should I Get an Appraisal Before Selling My House?
You could pay $500 for an appraisal; however your San Diego real estate agent could provide you with the current market value of the house for free.
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Should I Rent My House or Sell It?
Interest rates are historically low, hence many homeowners are able to refinance and obtain a low mortgage interest rate. Combined with a strong rental market, they may then decide to rent their San Diego house instead of selling in the current marketplace.
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Home Buyer Repair Request: Repair or Credit?
I’m a big fan of crediting a San Diego home buyer a reasonable amount of money instead of completing repairs for several reasons.
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Staging a House: Techniques Homebuyers Don’t Like
Properly staging a house helps a buyer visualize themselves living in all the rooms.
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Estate Executor: What Can and Can’t I Do With the Estate Funds?
When acting as the estate executor you’re allowed to use estate funds during the San Diego probate administration. You can be personally liable for misuse.
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Things to Know About San Diego Probate Attorneys Fees
Sometimes San Diego Executors and Administrators ask me about the fees that are charged by their San Diego probate attorney. This is a great explanation.
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