Have you inherited a home or are you going to be inheriting a home? If you have not yet, there is a good chance you will during your lifetime and this video will give you an idea of what to expect. I’m going to walk through what probate is and what you can expect and why your home is in Probate.

Hi, my name is John Herman with PropertyUp And I’ve been selling real estate for over 18 years. This kind of situation can create a little stress and I want to walk you through some quick information.

So What is probate? Probate is a court process required to sell a property that is in a deceased person’s name. The process can sometimes take up to a years time to complete. When in probate the court will be involved on various levels depending on the situation. A person that is assigned to be the Administrator of an estate may well be you if you’re watching this video. And that person is called the executor or the personal representative. You can also expect there to be an estate attorney to help with the legal process. There can be some substantial fees associated with completing a probate procedure.

One of the biggest reasons an estate goes into probate as far as real property goes is the way the title was held. The best thing to do to avoid going to probate occurs before the owner passes. By working with an estate attorney you can avoid probate by putting your real property along with any other assets into a trust. A common misconception about probate is that people think that a will keeps property out of probate, but that is not true. A will is actually a set of instructions for a Probate court. The will does allow the deceased to determine such things as who receives what, as well as who will be the executor of the will.

This is much better than trying to sell the property intestate or without a will. If there is no will. The state determines the intestate succession in other words, who receives the property that is left behind.

If you find yourself involved with the probate, there are many resources available to help direct you through the process we here at property up are equipped to help you answer many of your questions as well as to become a part of your resource to connect you with other vendors and services that you may need along the way.

Continue to watch other videos in my probate series for more detailed information and be sure to seek the advice of a lawyer or attorney as I am not one but just giving helpful information. My name is John Herman with Property Uo and always make it a great day.