Managing the Sale of Probate Property

Managing the Sale of Probate Property

Real property often comprises the bulk of an individual’s estate, whether it’s a family home or an investment property. The sale of real property through probate should, of course, be managed to the maximum benefit of the heirs even as it protects the heirs and the interests of the decedent. Local Probate Code is very specific in its instructions to both sellers and buyers.

What Has Helped Other Personal Representatives Successfully Complete a Probate?

1^st Start the Process

Find the Will and file it with the D.C. Superior Court Probate Division; and Obtain D.C. Superior Court appointment of the Personal Representative.

2^nd Gather and Appraise the Assets

Make an inventory of the assets the decedent owned at death and determine the value of each asset.

3^rd Pay the Debts

Determine the debts, taxes and settlement expenses of the estate and pay them.

4^th Distribute the Assets

Distribute the remaining assets to the rightful beneficiaries.