When someone dies, they generally have a will which stipulates that their personal belongings are going to go to whomever is listed in the will. Different items and belongings are bequeathed to different people. One example of this is inherited real estate. The sale of inherited real estate goes on all the time, but not before the receipt of probate.
The receipt of probate is the first step in the legal process of administering the estate of a deceased person. During the process of probate, creditors must be notified of the death of the person in question, and all legal notices must be published.
Probate or inheritance lenders usually require an original copy of the last will and testament, a death certificate, and contact information for the probate estate executor. Continue Reading 5 Comments