What Is a Probate Without Court Confirmation?
- Sales from an estate can take time.Sold Home For Sale Sign on Burst image by Andy Dean from Fotolia.com
If a probate attorney or executor puts a house from the estate up for sale, he will conduct the sale as normal until he accepts an offer. Once the financing and title are clear, he has to present it to the court for approval. - State laws spell out what courts require before confirming a sale. Requirements could include advertising the sale to alert the estate's creditors, putting a deposit down before the confirmation hearing, and that the offer comes close to the appraised value of the home.
- Some states, such as California, allow an executor or personal representative to sell property without court confirmation. Other states don't require court confirmation, or allow exemptions depending on such factors as the price of the property.
- If the heirs or creditors object to the sale, it will have to be submitted for court confirmation.
- To avoid putting property through probate, owners can look at a variety of estate planning solutions, such as trusts or joint tenancy.