selling house in probate: 🏠What Is a Probate Sale of Real Estate?
- 06/01/18 04:52 AM
Long Island NY probate This is the legal process of collecting, organizing, and distributing a person's assets and estate. It involves the handling of a person's affairs, such as paying off debts or bills and distributing the remaining assets to heirs and beneficiaries.
Some assets like real estate may be sold off during probate. In fact, there are many benefits to selling a house in probate.
This is because properties can sometimes be more of a burden than a blessing. Homes continue to incur mortgage, insurance, and utility expenses even if nobody is living there. Selling the real property lessens the expenses and complexities.
Long Island NY probate
;)
;)
