The Thoughtful Realtor in Sacramento
Inherited Property: Understanding Probate, Wills & Trusts
In this episode of The Thoughtful Realtor in Sacramento , Meriam Hansen explains what to do when you inherit real property after a loved one passes away. She walks through the differences between a will, a trust, and dying intestate, explains how the probate process works in California, and discusses what happens when inherited property is sold. Meriam also explains why having a trust can make the process much easier and help avoid probate. Hosted by: Meriam Hansen What You’ll Learn: ✔️ What to determine first when a loved one passes away and owns real property.✔️ The difference between a will, a trust, and dying intestate.✔️ What probate is and when an inherited property may need to go through probate.✔️ How the probate process begins through the Sacramento Superior Court.✔️ How an administrator or executor is appointed to handle estate assets.✔️ How inherited property can be listed and sold during probate.✔️ Why beneficiaries may have an opportunity to object to a probate property sale. ✔️ How a trust can bypass the probate process and make selling inherited property more straightforward.✔️ Why planning a trust in advance can help avoid the difficulties of probate. Watch now for expert insights! ⏳ Timestamps (Click to Jump to Sections!): 00:06 Welcome Back & Introduction 00:27 What to Do When You Inherit Property 01:09 Start With a Will, Trust, or No Estate Plan 01:57 Understanding Probate 02:16 How Probate Begins in Sacramento 02:43 California Probate Exceptions & Small Estates 03:23 Choosing an Administrator or Executor 04:27 Probate Hearings & Court Appointment 04:42 Full vs. Limited Authority 05:19 Overbidding in Probate Sales 05:43 Listing & Selling a Probate Property 06:16 Beneficiary Notices & Objections 07:20 How a Trust Bypasses Probate 08:00 Example: A Successor Trustee Selling a Home 08:45 Why Estate Planning Matters 09:28 Closing Remarks Follow Meriam Hansen: Website → https://mehansen.windermereca.com/ Facebook → https://www.facebook.com/meriam.hansen Instagram → http://www.instagram.com/mhansen_sacramento.realtor/ LinkedIn → https://www.linkedin.com/in/meriamhansen/ Don’t Forget to LIKE , SUBSCRIBE & COMMENT Below! ⭐ Produced by Icons of Real Estate → https://iconsofrealestate.com/ #ThoughtfulRealtor #MeriamHansen #SacramentoRealEstate #InheritedProperty #Probate #EstatePlanning #RealEstate #Trust #Will #ProbateProcess #CaliforniaRealEstate #SacramentoRealtor #RealEstatePodcast #EstatePlanningTips #InheritedHome #PropertyInheritance
