When you lose a loved one, there are lots of adjustments that need to be made. One of them is sharing the inheritance among the beneficiaries. If the deceased had prepared a last will and testament, it needs to be validated. During this process, the court will determine all of his or her assets and the outstanding debts and thereafter, the inheritance can be distributed.
Probate is carried out in different ways in the various states in America. In Florida, there is a specific way you can expect things to run. Julie Garber gives a comprehensive explanation in the following post:
Understanding Florida’s Simplified Probate Process
The probate process can vary a little from state to state, so Florida has its own probate rules when someone dies owning property within the state. Many states have laws in place that allow for a streamlined probate process when the value of a decedent’s estate is less than a certain amount. In Florida, this streamlined process is called “summary administration.” Read more at The Balance…
If an estate is not large, you can expect things to go a bit differently, and this could be the one you are liable for.
Wondering where to start? Well, the following post explains the basic steps you can expect to go through:
Step 1 – File a petition and give notice
The first thing you’ll have to do is file a petition with the probate court. The Last Will and Testament of the decedent will have to be admitted to probate and appoint the Personal Representative, or, if there is no will, a personal representative will have to be appointed. You will also be required to provide notice of the probate to all interested parties – most of the time that is beneficiaries and heirs. Read more at Ohallaw…
If you are not aware of the details, it is best to get an experienced attorney to represent you because any mistake could be very costly.
Selling your home during probate is also an option when the home is part of your inheritance. Allan Coleman offers tips on how you can do this:
Tips For Selling A Home While In Probate
If one of your loved ones has recently passed away and you have been named the executor of the estate, then you may have quite a few assets to deal with. If a home is one such asset and it has not been willed specifically to a beneficiary, then the home will likely need to be sold as part of the probate process. Houses and other real estate properties can be sold while an estate is in probate. However, there are some very specific things that need to be done to ensure that the sale is legal in terms of probate law.
Get A Home Appraisal
One of the most important things you will need to do and also the first step in the home sale process involves having the home appraised. However, not just anyone can appraise the home. Read more at Zenner Consulting…
It is possible to make a good sale even while probate is going on. However, all the conditions for selling a house in probate must be met.
Once you get clearance and you need to sell your house fast in Orlando, FL, call Sell Fast Fair Offer. We are your best bet if you are looking for a legitimate buyer within a short time.
You’ll get an offer within 24 hours of calling us, and you do not have to worry about commissions or seller’s fees. The best part is that the closing date will eventually be up to you. Call us today on (305) 590-8500, or fill the contact form below.