Personal Property of a Decedent
One of the very first steps a San Diego Personal Representative (PR) can take is to find out what to do with the personal property items left after a loved one is gone. My team and I have helped hundreds of people in your exact circumstances, having the responsibility of a house and all the personal property in a San Diego probate or a San Diego trust.
In 2004, I started to help PR’s with San Diego real estate. And, in most cases the PR has concerns about how to take care of the personal property in preparation for selling the San Diego house. After the family and friends choose the items and mementos that are important and meaningful to them, they need help with what to do with what is left.
There are three main options to liquidate the remaining personal property. Keeping in mind that as the San Diego administrator or executor to act prudently and maintain a fiduciary duty to earn as much as possible for all the heirs or beneficiaries of the San Diego probate or trust. Experience shows that one of these options will work best for your situation:
- Option 1: Donation
Sometimes the decedent will leave instructions for the personal items in the will. And if those instructions designate a San Diego charity to receive the remaining items, you would organize the packing up of all the items and delivery.
- Option 2: Estate Sale
You would interview several San Diego estate sale companies and determine which is the best fit for you and the San Diego estate. Experience shows this to be a good option when the items left behind are numerous and have substantial value. Keeping in mind, this option can slow down the process of selling the San Diego house because the scheduling of the San Diego estate sale can take 6-8 weeks.
- Option 3: Buy Out
This is the method that Dean choose when he was responsible for North Park real estate in San Diego. He and all of the beneficiaries lived outside the San Diego area making distribution of any items difficult and costly. Dean maximized the value of the personal property and eased his burden by choosing a local San Diego Buy Out Company to purchase the remaining personal property and also remove all the unsalable items and trash. This option takes less than 3 weeks from bid, to scheduling the removal.
If you found this important information on how to handle one of the tasks that a San Diego Personal Representative of an estate may find overwhelming and would like more information/help, I offer you the gift of my time. We can have a 20-minute phone consultation to talk about your exact circumstances as a San Diego Administrator or Executor. Discussing your options to distribute the personal property of a loved one that has passed away. I will freely share my many years of experience as a San Diego Real Estate Consultant with you – no obligation. My phone number is 619.741.0111. I look forward to helping you choose your best option!