If you need to sell a house in probate limbo, you’re likely facing some obstacles that make any potential closure difficult. Sell Pittsburg Now, LLC has plenty of experience purchasing properties with histories and such challenges because we buy houses in Pittsburg, PA. Below, we outline what it takes to sell property going through the probate process.
Who Handles Probate Assets?
When someone passes away, their assets may go through the probate process, which ensures the executor distributes the deceased’s assets correctly. In particular, the probate court recognizes the selling authority of:
- Executor: Typically, the will names an executor – a trusted person who helps manage and distribute probate assets.
- Administrator: If the will doesn’t name an executor or there is no will, the court appoints someone to handle this important estate administration.
- The court itself: Courts overtake the executive tasks in special circumstances.
At other times, the named heirs, the people named as beneficiaries in wills, can complete the probate process. They may then receive their assets and can even choose to sell them. One example would be inheriting property you don’t want, in which case, you may want to sell a house in probate.
Can You Sell a House in Probate in Pittsburg, Pennsylvania?
If you inherit non-probate assets, you can sell those as soon as the law recognizes you as an heir or beneficiary through the heir approval process. Otherwise, you can only sell a house in probate in Pittsburg, Pennsylvania, if you are an executor or administrator. As an heir, you must await the court’s distribution decision before making any other selling decisions.
How Long Does the Probate Process Take?
It’s difficult to pinpoint what to expect from the probate process. Factors include:
- Probate estate assets: Complex or high-value estates can take months or years to sort out, especially if the will didn’t document the contents well.
- Will validation and contest: The will must undergo a validation process. Even if it is legally enforceable, other parties may contest its validity. This situation will lengthen the process and may redistribute assets.
- Tax and debt settlements: The deceased may owe money to other parties, like a hospital, funeral service provider, or the Internal Revenue Service. Settling those debts may require liquidating some probate assets.
State laws regarding sizable assets and property distribution in Pittsburg, Pennsylvania, also dictate the probate process.
Who Do You Pay Off After Probate Sales?
Executors and state administrators might sell unwilled assets to pay for probate costs, such as:
- Attorney payments (depend on the estate’s overall value)
- Document filing fees to the court
- Appraisal costs to cover the asset’s valuation service
- Accounting fees for the work of settling debts and financial management
Probate costs are unique to the estate and circumstances.
Sell Pittsburg Now, LLC Buys Pittsburg Houses in Probate Limbo
If you are an executor or administrator of an estate who needs to sell a house in probate to settle debts, you can learn more about the house-selling process. Why not contact Sell Pittsburg Now, LLC, at 412-275-5238 to explore stress-free ways to close property sales in Pennsylvania?