By Erick Claudio, Certified Probate Specialist
Important Probate Terminology
A court-sanctioned process that allows the transfer of the decedent’s property to the living heirs.
Someone appointed by the court who has legal authority to sign the deed transferring the house to the new buyer. This person will be an ‘executor’ named in the wil or an ‘administrator’ if there is no will.
Full Authority Probate
The most commonly desired way to go through probate. With full authority all you need is letters, orders and notice of proposed action to escrow on the sale of the estate’s real estate.
Limited Authority Probate
The most commonly un-desired way to go through probate. With limited authority you need letters, orders, notice of proposed action, court confirmation and go through an overbid to close escrow on the sale of the estate’s real state.
The person left in charge of the estate by the deceased owner. This only applies if there is a trust in place.
A tax law stating that a property will not be re-assesed to increase property taxes because it was inherited to a son/daughter from their parent(s).
Same as proposition 58 but applies to an inheritence to a grand son/grand daughter from their grand parent(s).
Step Up Basis
A tax laws that helps an estates heir(s) avoid capital gains tax when they sell the deceased real estate.
The Probate Process
General Probate Costs & Fees
Petition For Probate
5-6% of the real estate sales price.
1 tenth of 1% of the estate. *Only necessary if court grants limited authority.
4% of the first $100,000
3% of the next $100,000
2% of the rest
Meet Erick, Your Probate Specialist
“Your Favorite Realtor”
Hello! Thank you for visiting my specialized website for probate services.
I believe information to be your most powerful tool when in a tough situation. As a probate specialist, I focus on solutions. I want to equip you with the best information possible to help you navigate trough this process smoothly.
This website is meant to educate you on the probate process, your options during probate, how to save money on taxes and other important information.
I know this isn’t an easy time and I am sorry for the loss of your family member(s). I hope this website can be of great help to you. You can always contact me directly for any questions or assistance.
I LOOK FORWARD TO EARNING YOUR BUSINESS.