Probate Real Estate Services in Seattle
Probate FAQs
-
Probate is the legal process where a person is given the responsibility to sell/transfer assets, pay debts, manage taxes, and distribute all other belongings in accordance with someone’s will. If a will is not available, assets are distributed via Washington's standard law process.
-
There is no set amount of time that probate takes, though it is often influenced by the following:
Removing the decedent’s name off titles to property
Assessing asset value & selling assets
Paying creditors & taxes
If a Notice to Creditors is involved, there may be a 4 month wait.
It can also take longer if a challenge to a Will is submitted.
-
A property usually cannot be sold or transferred prior to an administrator being appointed by the courts. Being mentioned in the will is still not enough to take ownership rights of a property. A will nominates someone to serve as personal representative, however the court grants the power to act. Once this is complete, a property may be rented or sold.
-
The experts at FELLOW Real Estate Services can guide you through how much a property may cost to fix & rent, fix & sell, or if selling as-is is the better option. We can also connect you with a list of helpful service providers locally such as estate sale companies, cleaners, and bulk haul-away.
Schedule a time to speak to one of our advisors today or simply call (425) 459-5206.
Click here to schedule a time with one of our advisors today or simply call (425) 459-5206.