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After the court hearing, the property can be formally listed (as a probate sale). Once an offer is made, a court confirmation hearing is scheduled. While waiting for the hearing, the sale must be advertised with the offered price in the local newspaper.
Once the Grant of Probate has been issued, it's the duty of the Executors to continue with the administration of the Estate. Our Probate Solicitors estimate that on average, the entire Probate and Estate administration process takes between nine and twelve months.
A home is sold in probate court when someone dies intestate or without bequeathing their property. When that happens, the state takes over and administers the property's sale. The court wants to be certain the property is marketed and sold at the best possible price.
Yes, but the proceeds from the sale may not be dispersed exactly as you would assume. If you're the executor of an estate, you can sell real estate held by the deceased provided that it was not willed to a beneficiary to help cover probate costs.
Probate is the widely-used term for the legal process under which a deceased person's estate is managed. Many estates will include property, usually the recently departed person's home, so the term 'probate property' has come to be commonplace when handling such matters.
Once a grant of probate is made the deceased person's property can be transferred to their beneficiaries or sold.