Petition Probate Estates For Sale
Description
How to fill out Petition For Representation Of A Probate Estate's Insolvency And Request?
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FAQ
You must wait at least 40 days after the person dies. What if I need help? Or, read the law on property transfers. See California Probate Code, §§ 13100-13115.
During probate, the executor/s of the will (the person/s appointed to carry out the deceased person's wishes as per their will) assesses and sells the deceased's assets, uses the funds to pay off any outstanding debts and taxes, and then distributes what is left over to the beneficiaries.
Probate Code §10308 provides that all sales of real property, whether by private sale or public auction, shall be with court confirmation unless the personal representative has been granted full authority under the Independent Administration of Estate Act (IAEA) as outlined in Probate Code §10500 to 10538.
If you have full authority under the Independent Administration of Estates Act (?IAEA?) you can sell a house in probate without court approval in three circumstances: Everyone consents to the sale; No one objects to the sale; or. Everyone waives notice of the sale.
There is no need for all heirs to agree to sell a property if it is still in probate. The heirs need to petition the court for approval to sell the property. If they file a suit for partition, the court can order a property sale.