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What a Certified Probate Real Estate Specialist Does
So, what exactly is a certified probate real estate specialist’s role? A CPRES is trained to help navigate the probate court system. This includes monitoring legal deadlines and ensuring that they are not missed. He or she will also offer guidance on the complicated legal steps and documentation that are required as part of the probate process. They can also minimize the potential for disputes between heirs.
In addition to guiding you through the paperwork and other legal aspects of probate court, your CPRES can also recommend inspectors, appraisers, contractors and other professionals. This ensures that the passed-down property is accurately appraised, necessary repairs are made and that it is prepared to go on the market.
A CPRES-designated realtor will also walk you through every step of the marketing, negotiation, sale and escrow processes. They can help you market, sell and manage the proceeds from an estate-passed property as per the probate court’s rules. They also ensure that the sale of the property is as successful as possible.
Your CPRES will maintain communication among all heirs, minimizing conflict and making an already emotional process easier for all involved.
Why You’d Need a Certified Probate Real Estate Specialist
There are a few ways to avoid probate. However, all of them will need to have been established before the death of your loved one. To avoid property passing through probate, the owner can:
Establish a living trust, which holds and distributes the assets upon the owner’s death.
Own a property that is considered community property with a spouse. This allows it to pass automatically to the remaining spouse upon death.
Utilize a joint tenancy with right of survivorship. This allows for shared ownership between two or more people and passes the asset to the remaining owners upon death.
Without one of these arrangements, though – or if all owners of a jointly-held property pass away at the same time – probate is necessary.
If your loved one passes away, certain assets may need to be sold in order to satisfy his or her debts or distribute the estate equally among beneficiaries. When it comes to selling property – whether their primary home, rental house(s) or other real estate assets – an everyday real estate agent might not have the knowledge necessary to help you navigate the complicated probate process.
The Bottom Line
If you are the beneficiary of property assets that need to pass through probate, a CPRES can help guide you along the way. These professionals are real estate agents who hold special certifications and are experts at probate court requirements. They also have the knowledge and understanding to help prep, market and sell the property in question. The CPRES professionals at Ascentia Maui are ready to answer any and all questions you may have about probate. You can count on compassionate support, guidance and trusted advice every step of the way.
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Consider Ascentia Maui to be your resource for all Real Estate Needs with a heavy emphasis on Probate, Trusts, Conservatorships and Guardianship Sales. You can also count on Ascentia Maui as your 'Boots on the Ground' for Cleaning, Lawn service Surveys, Inspections, Contractors or anything you may need.
ascentia Maui, LLC is an organization that operates under the brokerage licensing of Keller Williams Realty Maui. Paragraph
285 W. Kaahumanu ave. #201 Kahului, Hawaii 967362w
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