Understanding Real Estate During Probate: What You Need to Know

May 9, 2024 | JoAnne Hamberg
Home > > Understanding Real Estate During Probate: What You Need to Know

Understanding Real Estate During Probate: What You Need to Know

When someone passes away, their assets, including real estate, typically go through a legal process known as probate. If you’re wondering what happens to a house during probate and what to expect when selling it, we’ve got you covered! Our upcoming webinar will break down the probate process and offer expert tips to help you navigate it smoothly.

What is Probate?

Probate is the legal process of settling a deceased person’s estate, including distributing their assets to heirs and paying off debts. It’s a critical step that ensures the deceased’s wishes are followed according to their will, or if there’s no will, according to state law.

When is Probate Required?

In most cases, probate is required when a person passes away with assets in their name alone, without a joint owner or designated beneficiary. This includes real estate, bank accounts, and personal property. If the deceased has a living trust or other legal arrangements, probate might not be necessary, or it could be streamlined.

What Happens to Real Estate During Probate?

If the deceased owned real estate, like a house, during probate, it becomes part of the estate. Depending on the will and the heirs’ agreement, the property might be sold to pay off debts or distributed among the heirs. Selling a house during probate can be complex, as it requires court approval and following specific legal procedures.

Join Our Webinar for Expert Insights

To help you understand the probate process and what it means for real estate, we’re hosting a comprehensive webinar. During this session, you’ll learn:

  • The steps involved in probate and how they affect real estate.
  • When probate is required and when it might not be.
  • How to sell a house during probate, including the necessary court approvals and documentation.
  • Common challenges and how to avoid them.
  • Tips for streamlining the process and reducing stress.

Don’t miss this opportunity to get answers to your probate-related questions and ensure you’re prepared for the journey ahead. Whether you’re an executor, an heir, or someone interested in probate real estate, this webinar is designed for you.

Register Now!

Our webinar is happening soon, and spots are filling up quickly. Secure your place by clicking the link below and entering your details. It’s free to attend, and you’ll walk away with valuable insights to help you navigate the probate process with confidence.

REGISTER HERE 👉 https://lp.constantcontactpages.com/ev/reg/74ybseq

We look forward to seeing you at the webinar! If you have any questions in the meantime, feel free to contact us.

JoAnne Hamberg Founder of The Real Estate Exchange
JoAnne Hamberg, Broker

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