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When dealing with probate property in California, you must understand the disclosure laws. This right could stem from priority given to such individual in the Decedents Will (if the Decedent died testate) or from priority under Cal. Sometimes, it is not clear who should be estate representative, like, if the will does not name an executor and more than one person has the same priority, or there is a disagreement between heirs as to who should serve, or the person with the higher propriety has a conflict of interest, and many more. Personal property is all property that is not real, and it can be tangible or intangible: Tangible property are things you can touch, like cars, boats, jewelry, furniture, antiques, etc. Considering buying probate property in the state of California? The primary probate proceedings will always take place in the decedent's state of residence. All Rights Reserved. This one form has different options, such as: Talk to a lawyer if you are not sure which option you should choose on this form. During the probate, the Decedents assets must be inventoried and appraised, the results of which must be filed by the Executor/Administrator on a form called an Inventory and Appraisal. When a resident of another state passes away while owning real property in California, a secondary or 'extra' probate filing called 'Ancillary Probate', will be necessary to deal with the property assets located in California. Prob. The experienced California probate lawyers at Barr & Young know how to stand up and fight for your rights, both in and out of court. Probate property, when sold, can be a great deal for buyers. Until the property goes to the right beneficiary, you are responsible for managing it in everyones best interests. If you have questions regarding ancillary probate, or any other estate planning needs, please contact the Schomer Law Group for a consultation, either online or by calling us at (310) 337-7696. Private Sale: A probate property can also be sold through a private sale. Was it just owned by the decedent, or did they own it with someone else?
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