How to Reach the Massive Market of Probate, Trust & Aging Real Estate Sellers.We teach real estate brokers and agents how to FIND, LIST and SELL property in probate.
Probate is the analysis and transfer administration ofestateassets previously owned by a deceased person. When a property owner dies, their assets are commonly reviewed by a probate court. This court provides the final ruling on the division and distribution of assets to beneficiaries. A probate pr...
If there’s no will, the decedent is referred to as dying “intestate,” and their property will be distributed by an estate administrator according to their state’s succession laws. Whether you have a will or not, your estate will have to pass through probate unless all of your assets...
For some people,trustsare another popular estate planning tool because they allow assets tobypass probate, keep financial matters private and potentially reduce taxes. However, trusts are more complicated and expensive to establish since they require the expertise of an estate planning attorney. ...
A cloud on title is any encumbrance that creates a question about the title to real property. Such encumbrances include foreclosure proceedings,lienson a property, probate, or fraudulent titles. A cloud on title can be revealed during atitle search. ...
Avoiding the probate process may be attractive to some people, many consider and make it an option. The house, car, bank account, investment account, or asset under one person’s name. It can be given to a beneficiary and secure a will to ensure assets management. ...
Pro Tip: Account For Property Taxes and Insurance “A first time home buyer needs to be aware that their mortgage will not be the same amount year over year. When you’re getting a quote for your homeowner’s insurance, ask them how much the insurance rates went up each year over the ...
The deceased persons money and property is known as their ‘estate’. There’s a legal process that needs to be followed before the estate can pass to the people entitled to it. If the deceased policyholder had made a will, the executor will apply for a Grant of Probate. This is a ...
Putting assets in a trust allows you to pass assets to beneficiaries after your death without having to go through probate. If one spouse dies, the surviving spouse usually can take over the IRA as their own. If you inherit a traditional IRA from someone other than your spouse, you can ...
That’s it—you’ve successfully wholesaled a property without needing to buy, fix, or finance anything. Building Your Wholesaling Business Foundation To succeed in real estate wholesaling, you need to treat it like a business from day one. Many beginners make the mistake of seeing wholesaling ...