If you’ve just found yourself in a probate situation, you may wonder why some probate properties do not require court confirmation. Right? Thankfully, we have your answer. If a probate property is a trust sale, the sale may not need court confirmation. Also, if the executor or administrator of the estate was granted “full independent powers” under the Independent Administration of Estates Act (IAEA), the sale may not require court confirmation either.
Selling Without Court Confirmation
We discussed the Independent Administration of Estates Act (IAEA) in an earlier blog post. We also discussed being granted “full independent powers” or “full authority” in an earlier bog post. So, if the administrator of the estate has full independent powers, or full authority, she or he can list the property for sale easily. It’s obviously best to list the sale with an experienced probate real estate company like Sentinel Realty Partners though, because it’s still not exactly like a traditional sale.
Once the offer is accepted in this situation, the estate attorney sends out a Notice of Proposed Action stating the terms of the proposed sale to all the heirs. They have just 15 days to object to the sale. If they don’t object, no court hearing is required and the sale can go through. If there’s an objection, then the parties are headed to probate court.
Do You Need A California Realtor Specializing In Probate?
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We are experts in the probate sale under the probate code and trust law. So, we know the California Probate Code. If you’re going through probate court for an estate in Los Angeles, Riverside County, Orange County, or San Bernardino County, we won’t let you get lost in it. If you need a real estate agent 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.While you’re here, feel free to bookmark the blog. Alternately, keep up with the latest realtor news and market updates using Facebook or Twitter.