Friday, April 22, 2011

Probate is the legal process of someone passing away

Probate is the legal process of someone passing away.? It is the distribution of assets of an estate to the heirs after all debts have been satisfied.? Many times, these estates contain real property and have to be sold to pay off these debts.

When a person passes away, a Petition for Probate is filed at the County Courthouse and a Personal Representative (PR) is Nike Blazer, appointed.? The PR is the person in charge of the estate.? They are given the task of liquidating all personal property, paying off debts and distributing what is left to the heirs according to the wishes of the deceased.?

In many cases, inheriting a property can be a burden.? There are estate taxes that need to be paid, repairs to the property need to be made, and maybe a mortgage.? Adding to this burden is, many times, the PR lives out of town or even out of state.? The PR not only needs to sell, but wants to sell because it is a hassle dealing with a property that is far away.?

There are a few ways to find probate properties in your county.? Once a Petition of Probate is filed, it becomes public notice and must be published in order to notify the creditors.? If your county does not have a daily legal notice paper, you can go to the courthouse or on line to research the Nike Shox R5,files.? The most important data you want to gather from these notices are:? the case number, the attorney in charge, the name of the deceased, if there is real property, and the name and address of the PR.

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