Selling a House After Probate in Los Angeles
Probate is essentially the legal authority to deal with the assets of someone who is deceased. It is a court procedure that allows you to take the assets of a person that has passed away and transfer those assets to their family members and loved ones. Selling a house after probate in Los Angeles can be very simple, if you are working with someone who understands the process and can guide you.
Even if the decedent passed away with a will in place, the family would still have to open up probate case in order to gain ownership of property. The only way to go around the probate process is if the decent passed away with a living trust in place.
Probate can be an expensive process, but if you decide on selling a house after probate in Los Angeles and you want sell to us, we can assist with some of the upfront costs, that way there isn’t and burden on you to come up with the funds.
Here are some helpful tips if you will be selling a house after probate in Los Angeles:
- Probate must be filed with the court in the same county that the decedent passed away or owned property in.
- A formal probate may not be necessary. In California, if the estate is less than $100,000, a Simplified Probate Procedure may be allowed.
- Lawyers fees are typically paid through the sale of the property, some of the upfront costs may be negotiable.
- Acting quickly in a probate is always recommended.
If you would like to do more research on probates and find out exactly how they work, the California Courts website have some handy references to refer to. If you would like to speak to someone directly about your situation feel free to give us a call at 310-658-8252. You can also get started now by filling out our short form below: