As the San Diego Executor Why Sell a San Diego House in Probate?
A San Diego probate is applicable when a decedent left a will that must be executed by the person named in the will. After having been confirmed by the San Diego Probate Courts, the San Diego Executor becomes responsible for fulfilling the wishes of the decedent. In the case where a probate applies, why would the Executor sell the San Diego house?
- Settle liabilities
- Pay off all the decedents creditors and debts
- Finalize state and federal taxes
- Distribute the estate proceeds to the heirs and beneficiaries
- Minimize management and resulting expenses of the San Diego house
- Possible repairs, updates and renovation expenses
- Ongoing mortgage payments
- San Diego county property taxes
- The decedents will has a prevision that the San Diego house is to be sold
- Proceeds can be shared amongst several beneficiaries/heirs.
- Funds are to be placed into a trust with specified survivorship
- Funds are for charity or other philanthropic intentions
As a San Diego Executor, it may be difficult to become responsible for a San Diego house whose owner has passed away leaving their home and all their personal belongings. The idea of handling the myriad of necessary tasks can feel overwhelming. Easing that burden is what my team and I do. We have been helping San Diego Executors and Administrators with property in a San Diego probate since 2004. To discuss your exact circumstances, please call me at 619-741-0111, I’m Kim Ward, San Diego’s probate and trust real estate expert.