The Pennsylvania Public Sale of a Decedent's Real Estate Checklist: Personal Representative is a document that outlines the steps necessary to execute a public sale of a decedent's real estate. The checklist includes the following steps: 1. Obtain a court order authorizing the sale 2. Notify all interested parties of the sale 3. Prepare and advertise the sale 4. Obtain bids and select a successful bidder 5. Prepare the deed and closing documents 6. Execute closing documents 7. Obtain court approval of the sale 8. Record the deed There are two types of Pennsylvania Public Sale of a Decedent's Real Estate Checklist: Personal Representative: one for a standard sale and one for a distressed sale. The standard sale checklist is for a real estate sale that is not subject to any distress or other special circumstances, while the distressed sale checklist is for a sale in which the real estate is subject to distress or other special circumstances.
Pennsylvania Public Sale of a Decedent's Real Estate Checklist: Personal Representative
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How to fill out Pennsylvania Public Sale Of A Decedent's Real Estate Checklist: Personal Representative?
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FAQ
Yes, an executor can sell a house or other property of the estate without all beneficiaries approving the sale.
Pennsylvania law entitles executors to reasonable compensation for their services. But Pennsylvania does not have an official fee schedule. Instead, the law states that a court shall allow compensation that is reasonable and just under the circumstances.
PEF Code §§3351 and 3353 set forth the powers of the personal representative to sell or lease the real property of a decedent. Under §3351, unless prohibited by the will, an executor can sell a decedent's real estate without securing approval of the Court.
In Pennsylvania, a personal representative (also called an executor or administrator) is responsible for leading estates through probate. To qualify, you must be 18 years old and a resident of the U.S.?and Pennsylvania does not prohibit out-of-state personal representatives.
(a) Personal representative. --A personal representative shall have the right to and shall take possession of, maintain and administer all the real and personal estate of the decedent, except real estate occupied at the time of death by an heir or devisee with the consent of the decedent.
The Duties of an Executor in Pennsylvania The Executor Must Be Granted Legal Authority.The Executor Must Compile an Inventory or Accounting of All Assets of the Estate.The Executor Must Notify All Potential Beneficiaries.The Executor Must Pay All Final Debts and File All Tax Returns.