Preparing an estate plan can prevent future legal trouble NewsOK.com, OK - You?ll also want to ensure real property is titled properly so it will pass to your intended beneficiary automatically (outside probate). The key here? ...
Business this Week: Dec. 8 Brandywine East Community News, DE - Dec 6, 2008 Prudential Fox & Roach, Realtors Sales Associates Levy Wilson LLC, of the Greenville Home Marketing Center, were recently awarded the Prudential Real Estate...
6-block trip of a lifetime Modesto Bee, CA - With a law degree from Harvard and a sky's-the-limit future in the real estate business alongside his father, Lew was having lunch with a close friend of ...
Getting paid when someone dies depends how high on list you are Sun Publications Chicago, IL - Nov 30, 2008 Unsecured debts can be paid from the probate estate if the creditor files a timely claim against the decedent's probate estate. Joint assets, life insurance ...
CBJ: Dropping the Baton in Estate Titling Charlottesville Daily Progress, VA - Nov 23, 2008 On the Kent estate, probate costs alone might be well over $150000. You don?t want to drop a $5 million baton into probate. Also, if Jonathan was driving ...
80 years later, brothers find each other Columbus Dispatch, OH - Dec 5, 2008 With a law degree from Harvard and a promising future in real estate alongside his father, Lew was having lunch with a close friend of his father's when the ...
McDonough Holland & Allen Expands with Four Attorneys dBusinessNews Sacramento (press release), CA - Nov 17, 2008 Mittler, who joins from Orrick, Herrington & Sutcliffe LLP, focuses his transactional real estate practice on the acquisition, disposition, financing and ...
Voss is going door-to-door for local Edward Jones firm Enid News & Eagle, OK - His areas of practice include real property, business and corporate law, oil and gas/energy law, estate planning, probate, personal injury and criminal law. ...
Source: Google News
Recent News and Articles on the Keywords: probate + estate + real Related to the article below (Last Update: 8/4/2008)
Probate Courts Need Reformer As Leader Hartford Courant, United States - Probate is a place where even if you have prepared all the proper paper and legal work, your estate can still be slapped with thousands of dollars in court ...
Give away your real estate and shore up your finances MarketWatch - Jul 31, 2008 So when you and your spouse die, the property is passed to the charity and is not subject to probate or estate tax. Personal residences and farms are the ...
Don't confuse estate tax issues with probate process Alaskajournal.com, AK - Aug 1, 2008 In Alaska, even in a simple and straightforward case, the probate process usually lasts about a year. If the decedent owned real estate in more than one ...
Could Steelers' Dan Rooney block Druckenmiller sale? Pittsburgh Tribune-Review, PA - In 1991, Bob Tisch was a billionaire whose conglomerate included holdings in finance, hotels, resorts, real estate, oil, luxury brands, ...
Wallace: Planning for tragedies makes big difference Port Huron Times Herald, MI - Aug 3, 2008 A Durable Power of Attorney may give your agent full, broad, general powers to act on your behalf, or limited powers such as to sell a parcel of real estate...
Real estate transactions Chicago Tribune, United States - Jul 20, 2008 The following residential real estate sales for the city of Chicago were recorded in March and April. The home sales data come from Record Information ...
Madrigal standing as heir assailed Manila Standard Today, Philippines - But Benedicto and his co-counsels said the July 2 order contravened the court?s September 2006 Amended Decision approving the probate of Collantes? will. ...
Trustees' pay to soar Honolulu Advertiser, HI - Aug 3, 2008 The Probate Court-appointed trustee compensation committee said its recommendations reflect the complexities of a board that sets policy for a $9.1 billion ...
Marriage, mystery, manhunt Boston Herald, United States - Aug 3, 2008 July 31: A Baltimore real estate agent tips off police about Rockefeller?s location in the city?s Mount Vernon neighborhood. The FBI begins monitoring the ... CBSall 2,565 news articles »
Branching out Massachusetts Lawyers Weekly, MA - Aug 1, 2008 With the pace of sole practices slowing, especially as the inventory of real estate closings on which so many of them depend dries up or, worse, disappears, ...
Source: Google News
Random or Systematic?: An Evaluation of the Probate Process - HV Izard - Winterthur Portfolio, 1997 - JSTOR ... propertyless heads of household sometimes appear to own realestate on tax lists
and thus seem to have been inexplicably omitted from the probate process at ...
Probate Documents: American Costume History Research P Trautman, D Bartsch - Clothing and Textiles Research Journal, 1988 - ctr.sagepub.com ... apparel for widows and children detailed in estate administrations; and ... personal,
profes- sional, and real property in ...Probate records also contain a wealth of ...
[CITATION] INDEX TO VOLUME 12 S Probate, A Law, S Evidence, A Possession, SR … - judicial review - HeinOnline
Probate & Property Magazine - ABA Home, W Store, EP Answers, RE Answers - abanet.org ... a custodial account to include any property, real or personal ... on them) from the client's estate-an enormous ...Probate & Property Magazine is published six times ...
PROBATE & PROPERTY September/October 2007 Vol. 21 No. 5 - ABA Home, W Store, EP Answers, RE Answers - abanet.org ... The editors of Probate & Property welcome suggestions and contributions from readers. ...
has no cause of action for negligence against realestate appraiser hired ...
PROBATE & PROPERTY - ABA Home, W Store, EP Answers, RE Answers - abanet.org ... Articles from other issues of Probate and Property. ... The advertisements seem to be
appearing with ever-increasing frequency: "Prime realestate available for ... -
Keeping Current Probate - ABA Home, W Store, EP FAQs, RE FAQs - abanet.org ... Partnerships by the Courts, 40 Real Prop. ... In Essential Estate Planning for the
Constitutionally Unrecognized ... in Connecticut (or Nearby) Probate Court: Tortious ...
BF Goldsworthy - NDL Rev., 1969 - HeinOnline ... and leasing real property.58 Taking a typical case under the Uniform Probate Code,
if the decedent left stocks, accounts in banks, and realestate, the per ...
Source: Google Scholar
Real estate inheritor jaded by probate fees
By Bob Bruss
July 27, 2006
DEAR BOB: My dad died about six months ago. He was the surviving joint-tenant owner of the house where he and my mother lived for 34 years. She died in 1998. I am their only child. But my father did not leave a will. As I live about 600 miles away, I have no use for the house and want to sell it. However, a local probate attorney tells me that because there was no will or a living trust, a probate court proceeding is required. He said there is an expedited procedure, but it will take about six months, maybe longer. His fee, according to the state statute, will be about $6,400. This seems like a waste of time and money. Is this information correct? --Matt W.
DEAR MATT: Your dad died "intestate" without a written will, so his estate must be probated according to the state law of intestate succession where he resided. That requires notifying his possible creditors to file any claims, as well as checking to be sure there aren't any other relatives entitled to a possible inheritance.
Of course, this could have been avoided if your late father placed his major assets, including title to the house, into a revocable living trust to avoid probate court costs and delays.
Before hiring that probate attorney, I suggest you politely ask if he can reduce his fee because this estate is so simple. Many probate attorneys will lower their fees if you ask. If he refuses, unless this is a complicated estate, you might want to consult several other local probate attorneys to compare their fees.
IS AN APPRAISAL REQUIRED FOR EVERY HOME SALE?
DEAR BOB: Does every home sale require an appraisal? I plan to pay cash --Mung L.
DEAR MUNG: If you are paying all cash for a home, and no new mortgage will be obtained, there is no need for a professional appraisal. However, if you will be obtaining a new mortgage to help pay for your home, the mortgage lender will arrange for a professional appraisal.
HOW TO GET DEADBEAT CONDO OWNER TO PAY MONTHLY FEES
DEAR BOB: I own a condo in a small six-unit homeowner's association. We all get along very well, except for one owner. She is kind of a "hippie" who is often gone for weeks and even months. Her monthly condo assessment fee is $423 per month and it is now delinquent for 11 months. This is a big drain on our association's budget. As the treasurer, I am wondering what we can do to collect this money? --Ken R.
DEAR KEN: You and your fellow condo owners have been patient far too long with that owner who doesn't pay her monthly fees.
I suggest you consult a local real estate attorney who specializes in condominium law. It will be necessary to record a lien against the deadbeat's condo title and then foreclose on that lien. The procedure is similar to foreclosing on an unpaid mortgage. Of course, the attorney's fees should be added to the amount of the unpaid lien.
Starting the condo lien foreclosure procedure should bring payment. However, if the situation results in a foreclosure sale of the condo for the unpaid lien amount, plus costs, that's the owner's problem.
The new Robert Bruss special report, "Pros and Cons of Today's Five Best Real Estate Profit Opportunities," is now available for $5 from Robert Bruss, 251 Park Road, Burlingame, CA 94010 or by credit card at 1-800-736-1736 or instant Internet delivery at www.BobBruss.com. Questions for this column are welcome at either address.
