What is Real estate probate ?
Swamy Neelam
Real Estate motivated sellers & distressed homeowners lists provider at realsupermarket
Real estate probate refers to the legal process of administering the estate of a deceased person who owned real estate, also known as probate property. When a person passes away, their assets, including any real estate they owned, are typically transferred to their heirs or beneficiaries through a process known as probate.
During the probate process, the court will oversee the distribution of the deceased person's assets, including their real estate. This may involve paying off any outstanding debts or taxes owed by the deceased person, identifying and valuing the probate property, and transferring ownership of the property to the designated beneficiaries.
Real estate probate can be a complex and time-consuming process, as there are often legal and financial issues to be addressed. It is important to work with an experienced attorney or other qualified professional to ensure that the probate process is carried out correctly and efficiently.