How One Single Initial Unraveled a Real Estate Transaction…
A small piece of Lucerne Valley was being sold for $41,000 in an all-cash transaction. The buyer and seller lived out of the area, necessitating the closing documents be mailed out for signature. The vacant land sale went sideways when the escrow officer mailed the documents to the seller and demanded they be signed in […]
The Probate Path – Married, Separate Property…
Our last Probate Paths blog discussed the effect of death on community property. Today, we talk about another complicated situation involving marriage, another marriage, and death. Sudden death, no will, and an outdated will… Hank and Dagny were happily married and living in the family home they bought together. Both had been married before and […]
The Probate Path – Married Community Property
Our previous probate path blog post discussed the sad tale of Sam Smith, who died with no kids, and the happy tale of Rolf, his nephew and sole heir who discovered that he had the proverbial “rich uncle.” Three Basic Probate Situations As noted in the December 6th blog, there are three basic probate situations: […]
The Probate Path – Single at Death
Recent blogs have discussed probate issues, or problems associated with a “lack of probate.” If a home is to be sold but the record owner is deceased it is imperative to identify who now owns the property. The transaction can then close if the proper parties execute a deed to the buyer. We are not […]
Where there’s a will, there’s a way… Or not! Probates & Real Estate Explained.
Mom just passed away, and the family wants to sell the home. This is a listing with a motivated seller. But who actually owns it? Of course, the family home (if it isn’t in a trust) will automatically go to the surviving spouse without the need for a probate. But, what about a married person […]