Learn Probate

COMPLIMENTARY REPORTS

Being appointed the Personal Representative (also known as the executor or administrator) is both an honor and a burden that demands the highest degree of honesty, impartiality and diligence. Meghan has put together a handy chart of your responsibilities, as well as a probate timeline that outlines the choreographed steps of the probate process. To get your copy, enter your e-mail below.

FREQUENTLY ASKED QUESTIONS

Probate in California is a court supervised process that is used to wind up a person's legal and financial affairs after death, usually overseen by probate lawyers in California. Probate includes gathering a deceased person's assets, proving the validity of the will; appraising the estate property; paying creditors (including estate taxes); and then distributing the property as directed by will or state law if there is no will.

California probate is the process of determining the rights and obligations of a person’s legal and financial matters after their death. Probate is the way to transfer assets, resolve debts and clear title so the decedent’s assets can get to the rightful heirs. Often, it is a complicated and time-consuming process. For estates larger than $100,000, court supervision is helpful, in order to oversee the process and approve the distributions.
Although any beneficiary or creditor can initiate probate, normally the person named in the will as the Executor starts the process by filing the original will with the court and filing a Petition with the probate court. If there is no will, typically a close relative of the decedent who expects to inherit from the estate will file the Petition.
If the decedent had a will, the person named in the will as the Executor will serve, if eligible. If that person is unable or unwilling to serve as Executor, or if there is no Will, then any interested family member or person can petition the Court to be the administrator of the Estate.
California law provides that the Executor gets paid according to a compensation schedule, based on a percentage of the assets of the probate estate.
A Property Profile is a report that provides details on a specific property. It contains information such as square footage, number of bedrooms and bathrooms, lot size, zoning information, use code, tax information and ownership information. Additionally the profile has the recorded documents, such as the grant deed, quitclaim deed and copies of deeds of trust. The report can also contain sales comparables, school information and neighborhood information. A complete, current property profile is essential for setting the price of the real property and for determining problems that may interfere with the sale. Meghan will glady prepare a property file at no cost to you.
Meghan will recommend a number of qualified specialists to help you prepare the property for sale, including removing belongings and otherwise making the estate home presentable to qualified buyers.
Meghan will provide detailed market data, called a Market Value Analysis. This includes the selling prices of similar properties in the neighboring area. It will also include in-depth information on recent sales in the area, such as price per square foot and the number of days the property was on the market. Taking into consideration the information in the analysis as well as other intangibles of the market, Meghan will be able to help you determine a listing price that is appropriate for the market and will attract the greatest number of qualified buyers.
Meghan pursue a number of strategies to expose your property to likely buyers. They include signage on the property, newspaper and internet advertising, direct mail, open houses for agents and the public and personal networking among successful agents who may represent qualified buyers. She will conduct showings for interested buyers and their agents, will answer questions about the property and will continue to promote the property in order to secure the highest offer. Meghan will also communicate with neighbors in the immediate area, keeping them informed about the price and other details about the property. Ask Meghan for a written marketing plan and for explanations of how various types of marketing will benefit the sale.