unless the estate is exempt from probate because a “transfer on death” deed is in place or the estate is in a living trust (more on that in the next section).
Selling real estate that is in probate differs from selling one’s own home because of court-imposed requirements (such as having the property appraised by a licensed appraiser to establish the home’s value on the death date of the deceased).
As an executor, you have matters to attend to other than the sale of your parents’ house. However, for this article, we’re just looking at selling a house after death of parents. An early sit-down with beneficiaries will help identify expectations, establish who is doing what, and what the end scenario will look like. Clarifying expectations will help avoid misunderstandings and conflicts later on.
Meet together and decide: