Selling Inherited Property- What is Probate Real Estate?
[caption id="attachment_18803" align="aligncenter" width="422"] Sacramento Probate Court administers probate real estate sales[/caption] According to Wikipedia, Probate is the legal process whereby a will is "proved" in a court and accepted as a valid public document that is the true last testament of the deceased. The reason for probate is twofold. Nominally, it is to distribute the decedent's property to his or her rightful heirs. An equally important function of probate -- some would say the real reason probate exists -- is to notify a decedent's creditors of his or her passing so that said creditors can present legal claims against the decedent's estate. Again, from Wikipedia... "...probate is the legal process of administering the estate of a deceased person, resolving all claims and distributing...
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