Losing someone you love is one of the most difficult things to go through. It is one of the hardest challenges, and dealing with a lengthy process called probate realtor is the last thing to do. 

Keep reading this guide for more information about real estate probate and how to navigate it. 

What is Probate?

A probate case involves:

  • If a deceased died without a will 
  • If there is no surviving spouse 
  • If there are no children and grandchildren

Many people want to save their heirs in time by associating with probate. They want to receive assets as quickly as possible without any hurdles. That is why individuals choose probate realtors. 

The steps involved in dealing with an estate of a deceased person 

A decent person is someone who died; to transfer property to someone who dies, you must go to court. And dealing with the court can be complicated; let us discuss the steps below: 

Step 1 

Identify the estate representative

The first step is to find out who will be the representative of the estate. In case, there is no will, it depends on whether the case needs to go to probate court. Sometimes, the probate process could be clearer to your certified probate expert. 

An estate representative must keep the following in mind:

  • You must be loyal, trustworthy and act diligently.
  • You must always stay informed of your duties. 
  • You must act responsibly and honestly.

Step 2

As an estate representative, start gathering information

There are several preliminary duties you must follow:

  • Take possession of your property. For example - secure important papers and valuables in a safe place. 
  • Get certified copies of the death certificate
  • Collect the documents related to bank account funds, life insurance proceeds and more.
  • Find out who all the beneficiaries and heirs are
  • Get email access for important information. 

Important: If you’re finding it difficult to handle the all-home situation all by yourself. Choose real estate agents who can efficiently take care of the rest. 

Step 3 

Find out who the heirs and beneficiaries are:

An heir is someone who inherits from a deceased person without leaving a will.

You must see the following: 

  • The terms of the will
  • When a will has a problem
  • Other estate planning documents 

Sometimes it is difficult to identify heirs or beneficiaries. Having a problem figuring out the heirs? Hire real estate experts and work on the probate process. 

Step 4 

Carefully identify all the decedent’s property

It is necessary to figure out how the property you found is owned. Was it bought during a marriage or before the marriage? Also, find out the essential papers; you will have to make a list of assets and debts. 

  • Each asset should be with a brief description
  • The value of the asset as of the date of death
  • Did anyone could file a claim against the asset

Step 5 

Find out the best transfer process for the assets

Once you know all the information about the property when the decedent died, you need to figure out how to transfer it. You can take the help of real estate agent experts for a smooth probate process. 

What Does a Certified Probate Actually Do? 

1.  Smooth Out Process

The probate process can be organized if you hire the right person from the get-go. The probate experts will plan the probate process work and advise you who will handle what portions of an estate. An experienced agent who understands how the probate law affects your case and what path to take. 

2. Prevent Legal Tangles 

Legal problems in probate real estate are often frustrating. The best way to avoid these kinds of issues is to get a certified probate real estate specialist. An expert will guide you and help in straightening out your legal tangle down the road. 

3. Successfully Navigating a Property Sale

One of the most complicated aspects of the probate system is probate real estate. If you are thinking about selling the property, the right probate real estate agent will guide you. The right expert will guide you with the necessary information throughout the selling home journey. 

In a Nutshell 

Dealing with the probate process after the loss of someone you loved is the most difficult situation. You can get through this difficult time by hiring certified probate real estate agents. Reach out to Michael Lund for advice and connections about real estate. You will get real estate solutions specially tailored for probate situations. 

You can contact him via email, video call, or call for a consultation at zero cost. We hope you find answers here; for more detailed information, get in touch with us.