When does a house go to probate?
When does a house go to probate? Min Austria Assistant at Ascent Law LLC When a person dies, their estate goes through a probate court process. The court will appoint an executor, who is responsible for administering the estate and paying off the debts. During this time, the executor also needs to determine who the beneficiaries of the estate are. The decedent may have designated a spouse or a child to be the executor, or the court may appoint someone else. Once the executor is appointed, they must distribute the estate's assets to the beneficiaries. Often, a spouse is the sole beneficiary, while surviving children may be equally divided. Probate is also necessary if the deceased left behind valuables, such as jewelry, heirlooms, and other items that will need to be sold. It is also important to note that some states allow other potential buyers to make offers on a house. If this occurs, the original buyer will lose the house and must sell it to a higher bidder. This can take month...