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Today's Word on Probate Real Estate is Abatement

By Bob Willis

Real Estate Agent with Berkshire Hathaway HomeServices California Properties DRE# 01788371

January 16, 2023 04:13 PM

Today's Word on Probate Real Estate is Abatement.

Abatement.: A proportional diminution or reduction of the pecuniary legacies, when there are not sufficient funds to pay them in full. In plain English, pecuniary legacies are usually a gift of money in a will. So, when the funds in the estate are not enough to pay the beneficiary those funds, they may be reduced.

Feel free to download my Free eBook on Probate Real Estate at www.sellingourparentshome.com. If I can be of any help, please send me an email at bob@willis.realtor.

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Looking for Southern California real estate? Southern California homes come in all sizes, from small condominiums to million dollar estates. Hi, my name is Bob Willis. I am a native Southern California REALTOR® who helps people sell homes throughout the Southland, including Anaheim, Brea, Buena Park, Covina, Diamond Bar, Fullerton, Glendora, Hacienda Heights, La Habra, La Habra Heights, La Mirada, Norwalk, Orange, Placentia, Rowland Heights, Santa Fe Springs, Santa Ana, Tustin, Villa Park, West Covina, Whittier and Yorba Linda. My Whittier real estate office is conveniently located on Whittier Boulevard at First Avenue, close to the La Habra border, to easily help my clients looking to buy or sell homes in Orange County or Los Angeles County.