2021-02-26 · 2 min read · East Bay
Inherited Home in Probate: Useful Probate Terms to Know
Lost a loved one and now the family needs to sell the inherited home after probate, while buried in paperwork and legal terms? I'm sorry for your loss, and I understand how emotional and overwhelming this kind of sale can be.
Hi, I'm Tanja Odzak, Realtor with eXp Realty, helping people sell and buy homes right here in the East Bay for the last 10 years.
A few terms worth knowing: Probate is the process of deciding where, how, and to whom a decedent's property is distributed. Personal Representative (also called Executor, Executrix, or Administrator) is the person designated to administer the estate and carry out the deceased's wishes. Testate means someone died with a will, intestate means they died without one. Estate refers to the total assets, money, property, everything, and the Inventory is the full list of those assets. Appraisal, in this context, means valued at fair market value by the probate referee.
I'm Tanja Odzak, and I've sold over $100 million worth of homes with a decade of experience in the East Bay. These terms come up constantly through the process, and while I can help with the real estate side, always loop in an actual attorney for the legal questions. If you're ready to talk about selling a home in probate, I'm here.
