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Can I Sell My Deceased Parents' House Without Probate? - Natalia A. Sishodia
Manage episode 442365643 series 3376163
From Sishodia PLLC – The article "Can I Sell My Deceased Parents' House Without Probate?" offers valuable insights into the complexities of New York probate laws, especially when selling property left by a deceased parent. Probate is often required when the estate's value exceeds the small estate threshold or when the property is solely in the decedent's name. This legal process involves verifying the will, appointing an administrator, and settling any creditor claims before distributing the estate. Understanding when probate is necessary is crucial, as it impacts the timeline and legality of property sales.
However, there are circumstances where probate may be bypassed, such as when the property is held in joint tenancy with right of survivorship or within a living trust. These legal structures allow for a direct transfer of ownership without court involvement, making the sale of the property smoother and more efficient. The recent introduction of Transfer-on-Death (TOD) deeds in New York also provides a new pathway for avoiding probate, ensuring the property passes directly to a named beneficiary.
In cases where probate is required, navigating New York's probate process can be daunting. Issues like will contests, heir disputes, and dealing with foreign assets can complicate the process. Consulting a New York estate probate attorney from Sishodia PLLC can help clarify whether probate is necessary and guide you through each legal step, ensuring that the property sale is conducted legally and efficiently. Our attorneys are well-versed in title searches, title insurance, and real estate law, which are vital for ensuring a smooth transaction.
If you're wondering whether probate is required for your situation, or if you want to explore ways to bypass it, Sishodia PLLC can provide dedicated assistance. Contact us today at (833) 616-4646 to discuss your unique situation and receive the legal support needed to navigate the complexities of estate and probate law in New York.
Sishodia PLLC
600 3rd Ave 2nd floor, New York, NY 10016, United States
(833) 616-4646
https://www.google.com/maps?cid=12450537318741950980
1198 episodes
Manage episode 442365643 series 3376163
From Sishodia PLLC – The article "Can I Sell My Deceased Parents' House Without Probate?" offers valuable insights into the complexities of New York probate laws, especially when selling property left by a deceased parent. Probate is often required when the estate's value exceeds the small estate threshold or when the property is solely in the decedent's name. This legal process involves verifying the will, appointing an administrator, and settling any creditor claims before distributing the estate. Understanding when probate is necessary is crucial, as it impacts the timeline and legality of property sales.
However, there are circumstances where probate may be bypassed, such as when the property is held in joint tenancy with right of survivorship or within a living trust. These legal structures allow for a direct transfer of ownership without court involvement, making the sale of the property smoother and more efficient. The recent introduction of Transfer-on-Death (TOD) deeds in New York also provides a new pathway for avoiding probate, ensuring the property passes directly to a named beneficiary.
In cases where probate is required, navigating New York's probate process can be daunting. Issues like will contests, heir disputes, and dealing with foreign assets can complicate the process. Consulting a New York estate probate attorney from Sishodia PLLC can help clarify whether probate is necessary and guide you through each legal step, ensuring that the property sale is conducted legally and efficiently. Our attorneys are well-versed in title searches, title insurance, and real estate law, which are vital for ensuring a smooth transaction.
If you're wondering whether probate is required for your situation, or if you want to explore ways to bypass it, Sishodia PLLC can provide dedicated assistance. Contact us today at (833) 616-4646 to discuss your unique situation and receive the legal support needed to navigate the complexities of estate and probate law in New York.
Sishodia PLLC
600 3rd Ave 2nd floor, New York, NY 10016, United States
(833) 616-4646
https://www.google.com/maps?cid=12450537318741950980
1198 episodes
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