Probate, Real Estate, and You

  Probate, Real Estate, and You How to Avoid the Biggest Mistakes of Probate Did you know 95% of folks do not have a fully vested trust in place that will keep their estate our of probate once they have passed?  By the way, a lot of famous people's estate have had to go through Probate, such as Michael Jackson and Steve Jobs.  Although, I am not an attorney, I work with many probate … [Read more...]

What is a Certified Probate Real Estate Professional?

What is a Certified Probate Real Estate Professional? Do you need a Certified Probate Real Estate Agent in Arizona who knows the in's and out's of probate Real Estate? What is a Probate Real Estate Agent, you ask? Well, a Probate Real Estate Agent is someone who understands the requirements of probate in regards to the sale of real property that is part of a probate process. I can help … [Read more...]

SOLD IN 17 DAYS, AND WE CAN SELL YOUR TOO!

I sold 1008 South Park View Circle, Mesa AZ 85208 in 17 days, and in this market that is not totally strange. But what is so amazing, is that this home was on the market for 422 day prior to my listing it. The home was listed with a neighborhood expert and it still didn't sell. But, with so many buyers and not enough inventory in the market, this home should have sold long ago. What's the … [Read more...]

Estate planning checklist for young folks

The last thing on the minds of young adults heading off to college is drafting a health care proxy and power of attorney. Once they emerge freshly educated four years later, visions of wills and trusts are also unlikely to be on their radar. After all, who thinks about ticking off items on an estate planning checklist while they're still in the throes of figuring out how they're going to pay off … [Read more...]

What if the decedent owned land in more than one state?

The laws of the state in which the deceased was a permanent resident or “domiciliary” govern who would receive all the deceased’s personal property, wherever it was located, and all the deceased’s real property located within the state. Thus probate almost always is undertaken in the home state. If the decedent owned out-of-state real property, the laws of the other state govern who gets it … [Read more...]

Simple Asset Protection Techniques

Many of the traditional forms of estate planning can be used effectively as asset protection techniques. Gifts of property not intended to defraud creditors remove the assets from your estate. If your child owns the farm, it is no longer at risk from your creditors – although your son’s creditors and his spouse may pose a risk. Retirement plans have a considerable amount of asset protection … [Read more...]

What if Someone objects to the Will?

If someone files an objection to the (probate estate) Will, or produces another Will, what is known as a “Will contest” has begun. While Will contests are not that rare, and while few people actually win one, they can be extraordinarily costly and create incredible delays. It is not just anyone that can contest a Will. For example, if you feel your recently deceased next door neighbor’s out of … [Read more...]

Certified Death Certificates, when do you need one?

When do you need a certified death certificate and when do you need a photo copy? A Certified Death Certificate is a legal document that is issued by the State Office of Vital Records in the county in which the death occurred. Certified death certificates are required to take care of final details related to any accounts, insurance policies, to transfer property, and to make official … [Read more...]

What if someone objects to the will?

If someone files an objection to the (probate estate) Will, or produces another Will, what is known as a “Will contest” has begun. While Will contests are not that rare, and while few people actually win one, they can be extraordinarily costly and create incredible delays. It is not just anyone that can contest a Will. For example, if you feel your recently deceased next door neighbor’s out of … [Read more...]

What are the main duties of a personal representative?

The main tasks of a Personal Representative are to: (1) determine if there are any probate assets; (2) identify, gather, and inventory the assets of the deceased; (3) receive payments due the estate, including interest, dividends, and other income (e.g., unpaid salary, vacation pay, and other company benefits); (4) set up a checking account for the estate; (5) figure out who is going to … [Read more...]