When I was in desperate need for a probate lawyer I was referred to Lee. This is a very professional law office with courteous staff. The lawyers know real estate law inside out. They were very thorough and patient in explaining every step and detail of how the process works. It was a...
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Homes in a probate sale are often priced lower than they would be otherwise Probate sale opportunities may not be available through the usual real estate market channels Fewer people are typically interested in probate sales, meaning there’s less competition to buy the home...
from the Latinprobare, “to test or prove,” is usually used for wills, it can also be applied to other legal documents, as in the proving of the validity of a document, or an official certification proving the document is real.Probateis also a verb meaning “to place a convicted perso...
Probate Estate The total value of a decedent's assets. Probate estate includes the decedent's own property, but not the assets placed in trust, payable-on-death accounts, or other assets over which the decedent had control, but did not directly belong to him/her. The probate estate is ...
Even if there is a will, probate may not be necessary if the estate is small with no real estate title to be transferred, or all of the estate is either jointly owned or community property. Reasons for avoiding probate are the fees set by statute and/or the court (depending on state ...
The meaning of PROBATE is the action or process of proving before a competent judicial authority that a document offered for official recognition and registration as the last will and testament of a deceased person is genuine; broadly : the process of ad
the payment of bills,and the distribution of assets.Some states have exemptions for small estates,which may avoid probate.Other states have no exemptions.Probate will need to be opened in every state in which a decedent owns assets,including real estate,unless there is a specific state exemption...
it to include both real and personal property. Today, the term probate generally refers to state laws settling a decedent's estate under the supervision of the court. In a broader sense, the term refers to the administration of estates, guardianship, adoptions, and trusts with court oversight....
Probateis also a verb meaning “to place a convicted person on probation.” • They told her they would not settle the probate case or reinstate her health care unless she relinquished her stake in Midland and her Brooklyn real estate holdings, according to the suit. ——New York Times ...