Category: Probate

CHECKLIST FOR DESCENDANTS WHEN A FAMILY MEMBER PASSES AWAY

Order certified copies of the Death Certificate. You will need them to transfer bank and other financial accounts, as well as to send to insurers and others who may be holding assets or benefits payable to the estate. Notify Social Security of the death. If you are a spouse, or if you have minor children [..]

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KEY POINTS REGARDING THE SALE OF PROBATE PROPERTY

Must be a Personal Representative’s (PR) deed, not a Warranty deed. Because the PR may have limited knowledge of the property, there should be a specific disclaimer to this effect and an “AS IS” provision included in the purchase agreement, no Statement of Condition should be signed, and the statutory disclosure should be properly waived [..]

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