We Are Here To Help Make This Easy For You
We know this can be a very difficult and emotional time for your family. Out team also understand that it is not always easy if you do not live in the Chattanooga area to handle everything that is needed to sell your relatives home. Dealing with the ins and outs of Real Estate Probate is not easy but we do our best to make it easier. We have lots of experience working with estates and multiple relatives at one time to help give you closure with this one piece. We facilitate a relationship with attorneys, conservators, administrators, accountants, trustees other Realtors and of course our clients to ease the burden acquired by:
Increase client satisfaction
Enlarge client profits on real property sales
Streamline transactions and avoid delays
Straightforward, non-technical counseling of agent’s prospective buyers on the offer process.
Streamlined communication between all parties. Network of qualified trained specialists throughout Chattanooga area.
Anticipation of problems that might cause delayed closing and the skill to counter them with swift solutions.
Knowledgeable handling of the offer process and all subsequent paperwork.
To find out we can help you Contact Us today and we would love the opportunity to help your family.
PROBATE AND TRUST REAL ESTATE GLOSSARY
Here are brief definitions of terms you may encounter if you are dealing with probate or trust real estate or inheritance property:
Beneficiary: A person who inherits when there is a Will.
Conservator: A person who has the court-appointed fiduciary responsibility for the care of another adult.
Conservatee: The person whose care is provided for under a conservatorship.
Conservatorship: A court proceeding wherein a judge appoints a responsible person (Conservator) to care for another person (Conservatee) who cannot care for him/her self or his/her finances.
Custodian of the Will: The person in possession of the Will when the person who wrote the Will dies.
Decedent: The person who died.
Executor: A person named in a Will and appointed by the Court to carry out the decedent’s wishes. This person is usually named as the seller of the real property.
Heir: A person who inherits.
Intestate: When someone dies without leaving a Will. When there is no Will, the sale of the decedent’s real property often requires court confirmation.
Intestate Succession: The order of who inherits the property when the decedent does not have a Will.
Legatees, or Devisees: People who are named in a Will.
Personal Representative (Administrator or Executor): The person responsible for overseeing the distribution of the estate.
Probate: The process of deciding where, how and to whom to distribute the decedent’s estate, such as the real property.
Real Estate Probate Sale: The transfer of legal title (ownership) of real property from the estate of the person who has died to his or her beneficiaries or to a buyer under the supervision of the Court.
Probate Referee: Before real property can be sold through probate, it must be appraised. This is done by a Probate Referee. In California, probate referees are appointed by the State Controller and assigned to a particular case by the court clerk. They are paid for this service directly by the estate, usually a percentage of the appraised value.
Real Property: The term used to refer to real estate (land and buildings) in probate and trust sales.
Testate: When someone dies leaving a Will.
Trust: When a person (Trustee) holds property at another person’s (Settlor’s) requests for the benefit of someone else (Beneficiary).
Will: A legal document that lists a person’s wishes about what will happen to his/her personal and real property after death.