The Probate Department at LivingTN is dedicated to providing exceptional customer service to our customers. We work with probate and real estate attorneys, trustees, and court appointed representatives to quickly prepare, market and sell a descendant’s home.
The probate process is unique. It involves coordination with the court and legal representatives and they require various disclosure documents and contracts that are not used in other real estate transactions. At LivingTN, we help you organize the paperwork and processes, and provide constant communication regarding the state of your sale. We will be present for all court confirmations, and in the event of overbidders, we will provide packets of all disclosures.
The Process
Step 1: Collection, inventory, and appraisal of all assets that are subject to probate. One of the executor’s or administrator’s first and most important duties after the appointment is to take an inventory of real estate assets.
Step 2: Pay the bills, taxes, estate expenses, and creditors of the decedent. The personal representative reviews the decedents final bills, debts, and any claims against the estate, then pays or settles valid claims. An attorney may be hired with estate funds to defend or negotiate any legal claims.
Step 3: Formal transfer of estate property according to the will or by the state laws of intestacy succession. When the waiting periods have expired and all legitimate bills, debts, and taxes have been paid, what remains of the estate is available for distribution to heirs or beneficiaries.
