If a deceased loved one’s estate is under probate, and you’re wondering what that entails – this insightful guide from Maryland’s top probate realtor Marc Cormier outlines tips you may find helpful.
If you've recently been appointed a personal representative to manage and administer a deceased family member's property, it's natural to feel overwhelmed and uncertain about what to do next.
The probate process, while it can seem daunting, is something that many people have navigated successfully with the right guidance and resources.
Marc Cormier, a seasoned probate realtor with over two decades of experience, released a guide that could be your go-to resource during this challenging time.
The guide, titled "What Is Probate and the 10 Things a Personal Representative Must Know," answers most of the common questions you may have about probate. It also outlines the responsibilities you’ll take on as a personal representative and steps to make the estate administration task stress-free.
Visit http://www.guidetoprobate.com for additional details.
To start with, Cormier emphasizes the importance of identifying all of the deceased’s assets. This includes everything, from real estate properties to hard assets and cash. He explains that it is your responsibilities to collect these items, figure out what needs to be sold to pay any debts or fund cash gifts, and make those decisions.
The next step in the process is to get each item appraised. Don’t worry if the appraised value is less than what is owed. According to Cormier, you can still sell the property in such a situation and the estate doesn’t have to make up for the difference.
He also recommends that you work with a probate realtor who understands the local real estate market to help you price the property properly in order to maximize the amount you receive for the property,
Marc Cormier has over twenty years of experience in probate settlements, particularly the sale of real estate assets under probate. The realtor handles the entire process, from staging and renovating the property before listing it to pricing and marketing the house to potential buyers.
The probate realtor’s services are not limited to listing and marketing inherited properties; he also provides cash-for-home solutions if you’re looking to sell quickly without renovating or repairing the house.
Marc Cormier says, "If you are a personal representative, there are several things you need to know as you go through the process. Keep in mind that laws for Maryland, Virginia, and Washington, D.C., vary. Therefore, working with an attorney is always a good idea."
Navigating the probate process doesn’t have to be lonely and tedious - with seasoned real estate agent Marc Cormier by your side, you can discharge your duties efficiently.
To read the guide in full, visit https://guidetoprobate.com/property-finance/what-is-probate-and-the-10-things-a-personal-representative-must-know
