Are you struggling through the probate process for your property? Unfortunately, probate is often more complex and convoluted than it needs to be and can leave you frustrated if you do not have the right information on how to handle it.
But at Bright Haven Properties, we’ve helped homeowners in almost every situation (including probate) to navigate challenges and sell their home.
So we thought we would share some information with you about the probate process so that you know what to expect.
Here’s how it works.
File To Start Probate
First, you’ll need to submit a petition to the court to get the probate process started. You’ll need to file a valid and notarized will in addition to your application which indicates that you’re the legal executor of the estate. The court will then schedule a hearing to approve your petition. If approved, the court will open the probate case.
As required by most courts, you’ll need to mail a notice that the estate is in probate to all creditors, beneficiaries, and heirs. You might even need to publish a notice in the newspaper, depending on your state.
Determine Assets & Pay Debt
You’ll also need to compile all of the estate’s assets and determine their value. Then you’ll need to analyze and pay the debt that may be accrued on the property. This may be a difficult task if you do not have the right expertise to value your property and may need to seek professional help.
Distribute Remaining Assets
Finally, after paying debts, you can distribute remaining assets to the appropriate beneficiaries.
Hire An Attorney
If this all sounds like too much, then you might consider hiring an attorney to help you through the process.
And once you’ve finished the probate process, if you want to sell your house quickly for cash, give us a call at 704-461-0576 and we’ll make you a fair cash offer. We can buy as-is and even close in as little as two weeks!