Understanding Probate / FAQ
Below are some answers to frequently-asked questions to help you understand Probate:
Do I have to use Probate Asset Recovery, LLC, if my loved one’s estate is opened?
Not at all! You can administer the estate yourself. Our experienced team here at Probate Asset Recovery, LLC is here for your peace of mind if you do decide you’d like some assistance.
How much does it cost to use Probate Asset Recovery, LLC?
There are no upfront costs to use Probate Asset Recovery, LLC’s services. Our team is paid on a contingency basis only if money has been recovered for the estate.
What services does Probate Asset Recovery offer?
Probate Asset Recovery, LLC handles everything from cleaning out properties of decedents to uncovering and administering estate assets.
Take a look at our comprehensive list of all the services we provide for you!
What should I do if I don’t want my loved one’s estate opened?
The easiest way is to ensure that an estate doesn’t ever have to be opened. Proper estate planning in the event of the death of a loved one will ensure your assets are distributed without the need of an open probate estate case and the added headache.
Can I use another Realtor to sell my property?
Of course! You’re free to use any Realtor or Real Estate Agent you choose!
It’s important to keep in mind that the experience and knowledge needed to sell foreclosed homes in probate is specialized. As Probate Asset Recovery LLC has a unique knowledge about this part of real estate, we use our own experienced and professional Realtors and Agents to sell your loved one’s property.
What should I do if I don’t want my estate to go into probate after I’ve died?
You can—and we encourage you to—contact an estate-planning attorney to set forth an estate plan (essentially a will) to be enacted after a loved one has passed. Many attornies will provide a complete estate plan for under $2,500.
Is it possible for me to open my loved one’s estate, instead of a third party?
Yes. For more information, these links will take you to the respective county’s probate courts:
How can I avoid foreclosure on my loved one’s home?
Often, homes go into foreclosure proceedings when a family is behind on their mortgage payments. Other times, a lien can be put against a property that, if not paid, can also amount to a foreclosure. When a loved one dies, it’s easy to forget that payments on the mortgage must still be made.
To avoid foreclosure on your loved one’s home, the simplest way is to pay the mortgage and keep current with all payments. If foreclosure proceedings have started, contact the firm that’s foreclosing on your home to get more information on what exactly they’re foreclosing on—whether it be an unpaid lien, an unpaid mortgage, or unpaid utility bills.