Bereavement/Probate House Sales in Aberdeen and Northeast Scotland.
The bereavement/probate process makes it necessary for
anyone who becomes heir to a house to think about legal and tax consequences if
they sell it. The major concerns for any probate house sale in are property and estate taxes. It
can take weeks before a probate hearing gets before a judge, who will grant
Letters Testamentary if there was a will and Letters of Administration if there
wasn’t. The entire probate process can drag on for years.
Since estates can incur substantial court and solicitor’s
fees, the emerging trend is for beneficiaries to sell bereavement/probate
properties. In some cases, these fees add up to more than the property is
worth. Property Angel Solutions helps people steer their way quickly through
the process of probate house sales in Aberdeen, because we know that in your
time of bereavement, dealing with probate courts and lawyers can be an
The bereavement/probate process begins when a person dies.
The chosen estate executor is required to appear before a judge once the
probate process starts. The executor has to assemble, catalogue and assess all
assets subject to probate. Real estate and financial holdings such as bank
accounts, life insurance policies, retirement accounts and monies owed to the
deceased should all be listed and appraised.
A list of the deceased’s debts will also be needed. If there
are debts outstanding, they must be collected from the estate, not from the
beneficiaries who become heir to it. Creditors always receive their money
first, and the beneficiaries will get what’s left of the estate. This is just
one reason why a quick sale of a house from a probate or through bereavement
will be extremely helpful. If a person has very few possessions and cash to
distribute, probate is not needed and the beneficiaries can share out the
estate without the law to direct them.
Whether or not property that you possess at the time of your
demise will need to be probated depends upon how it is titled. If you own your
property jointly with someone else, and the property has right of survivorship,
if one owner dies, the other will continue to own the asset, and no probate
proceeding is involved. Another way to avoid going through probate is to give
away your assets while you’re still alive.
Administrators of an estate going through probate can run
into unimaginable problems when family conflict exists. A probate lawyer can be
retained to assume duties and alleviate family tensions if disagreements crop
up. Probate lawyers can also help the administrator prepare legal documents,
manage bereavement real estate transfers and sift through the other complex
issues that come with probate house sales in and elsewhere.
If you’re the beneficiary of a bereavement/probate property,
you may have realised that it needs some modernising or even a complete
overhaul. Since the probate period is generally marked by a shortage of funds,
you might have no option but to leave the property untouched for a long period
of time, causing it to depreciate in value and become less attractive to real
estate agents or buyers.
There are also other complications that may surface if you
inherit bereavement/probate property. For example, you may be living on the
other side of the country, and have no intention of moving to . If you find the idea of a probate
house sale in
overwhelms you, Property Angel Solutions is here to help. We offer a quick and
considerate solution if you need to sell your bereavement property.
At Property Angel Solutions we understand how difficult it
can be when you lose someone close to you. The probate procedure is lengthy,
and it can be quite complicated when there are a number of beneficiaries
involved. We will handle your probate house sale for you quickly at no expense.
We deal with everything this way (quickly), and always in the strictest
Contact us today if you have a bereavement property that you
need to get off your hands quickly.