Death is the natural process and there is no way around it. But there are few ways you can make life easier for others left behind after your death. You may have accumulated a lot of real estate and other property in your lifetime, now the problem arises when you don’t include your property in your will. It is very important that you speak with an attorney and consider a living trust, this simple document prevents probate. It makes the piercing process much easier and assures you that your wishes will be respected.

What happens when there is no living trust? It will fall into what is called Probate, the estate will be handled by a probate court in your area, the judge will appoint an executor and determine who gets what.

Each state has its own legal process for listing probate assets and wills. When a person dies, a petition is filed and the County Courthouse and a personal representative are appointed to handle the case. In the first phase, the task of liquidating all the assets that follows is carried out by liquidating all the debts that remained in the name of the person and distributing all the remaining assets to the relatives and successors. California has its own legal probate process.

In most cases, inheriting probate property can be an additional burden. There are many state taxes and property taxes implied by the state on people who inherit estate property. There may be more costs and fees incurred in the process if the property needs to be repaired or requires any mortgage to be paid. Also, at some point you can inherit properties that might be out of state to add difficulties to the process. In general, you need a real estate agent who is familiar not only with the probate process, but also with owning it. Don’t be fooled into accepting the referees’ referral, you can choose your own real estate agent. Interview some.

A living trust can be a good way to relax the whole process, as it can help you determine which property goes to which of your relative. In most cases, the owner might want to transfer the power of attorney to his or her close relative, but that person might be living in another city or even in your state, so in such a case, including the estate in the will is the easiest way to transfer power to his successor. .

Once you’ve decided to set up a living trust, you can call your personal representative, send them a letter, or just give them a call. Let him know about the process and that he will be the executor.

If you are in probate, choose an agent who understands the process and is active in the area where the property is located. Once you are listed, the agent will search for the interested client who might be interested in purchasing your property. The agent will send full details of the property via email and will usually add the phrase “as is” to the notice as this will help reduce the cost of any repairs or renovations. Since legalized property can be in very poor condition, make sure it is priced correctly. It is always advisable to sell the property as is to reduce this cost. Unless you are in an area where you know a $1.00 investment will bring you $3.00.

Listing your probate property is easy and simple if you understand the entire process and have the right agent. You need an agent who can refer you to real estate sales companies if it involves personal belongings and someone who can put you through to a plumber, painter, electrician if needed.

If you are in Los Angeles, give us a call or send us an email, we will be happy to help you.