The Independent Administration of Estates Act (IAEA) was enacted in 1987. It altered and streamlined how probate sales move forward. It’s actually multiple, related laws that let the personal representative administer most parts of a decedent’s estate without the court getting too involved.
Estate sales under IAEA are also called Full Authority Sales. This authority is granted either by will or by the court, if the personal representative petitions for it. Generally, this process starts as soon as the probate proceedings start, but a petition can be filed at any time during the process.
Obviously, if instructions in the will prohibit the process, the court can’t grant it. Similarly, if another interested party can show good cause for the authority to be denied, the court will reject the petition.
Do You Need A California Realtor Specializing In Probate?
We are experts in the probate sale under the probate code and trust law. So, we know the California Probate Code. We won’t let you get lost in it. If you need a realtor in California specializing in probate, please contact us today! We are upfront and honest about the costs of probate. Everyone wants to know about probate fees, but no one wants to talk about them. We will though. Sentinel Realty Partners wants our clients to be fully prepared and fully informed about buying or selling California probate real estate.
We have a list of the absolute best probate lawyers in California available for our customers. Plus, we also have relationships with the most vetted contractors, plumbers and electricians in California. See? We will guide you through every step of the process of selling (or even purchasing) a home involved in probate.
If you are buying a home in California, please have a look at our probate property search. If you need a Los Angeles, Orange County, Riverside, or San Bernardino professional to help you through the probate real estate maze, call us! These waters a murky, and you’ll want a knowledgeable, dependable, responsive team behind you. Check out Sentinel Realty Partners’ client reviews.