Recently, one of our highly valued Probate Trust Attorneys referred a probate property to us for sale. She informed us that the heirs were in a hurry to sell the property. We really liked their “let’s get it done” attitude! We quickly obtained the keys so we could view the property in preparation for putting it on the market. This is a strange floorplan was my first thought upon opening the door. My mind went in several directions, all at ...Read More
One of the last specialization frontiers involves the sale of Real Property during a Probate or Family Trust case. It’s complicated is an understatement when a Probate, Trust or Conservator property needs to be sold as part of the case. Outsourcing the Real Estate portion of the case to a specialist Realtor Broker isn’t much different than referring clients to a specialized attorney when needed. You wouldn’t expect an estate planning or fam...Read More
It’s complex is an understatement when there are multiple family members involved in a sale of a property due to death in the family. An elderly man planned ahead putting his house into a trust. For some reason, he chose not one but, three of his five children to be Trustees. All five children would inherit some money from the sale of the property, but it was only the three trustees who had any decision making power. All three Trustees ...Read More
If you are a dog or cat owner you already know that one of our most important loved ones are often our pets. In fact, I’m one of those crazy dog people who have a sign in my house that says “my dog lets me live here.” All kidding aside, Jennifer N. Sawday of TLD Law shared with me critical new information on setting up a pet living trust. With her permission, I’ve passed it on to you. Now California Probate Code Section 15212 al...Read More
Probate is a complex process and when there is a property sale involved, last minute problems can hold it up and make it even more difficult. Five problems that will slow down the timely sale of the property.
The death of a parent or close family member is never easy no matter how old they are or how mature you may be. When my Mom passed away after a long illness, I had mixed emotions. While relieved she was not suffering any longer, I grieved her loss. Someone said to me, at that time, “No matter how old you are, you’re never ready to lose a parent or close family member.” So true and even more so when there’s Real Property, multiple siblings a...Read More