Some forms of an inheritance you may look forward to, such as cash or the family vacation home. You may also cherish the heirlooms you grew up with, like your mother’s fine china or your father’s vintage vinyl collection. Other things you receive after your parents’ death, however, you may not have the room for or you are simply not interested in having in your home. Before you throw away these items, you should understand how an estate sale can help you and other California residents in the same situation.
When your parent named you as the executor of his or her estate, you likely understood that you had a lot of work ahead of you. Unfortunately, acting as an executor is an often-thankless position because many others focus solely on when they will receive their bequests rather than realizing what a difficult position you hold.
Creating a last will and testament can be a tedious process. It can be difficult to consider what happens to your property and assets once you pass. As part of your last will and testament, you may want to choose an estate administrator or executor who will take care of matters once you pass. The estate administrator you choose will be responsible for seeing your estate through the probate process, so it is critical you select someone who will do well in this role. What is the executor’s role in the probate process exactly?
Probate is a term that can cause people in California a lot of confusion and anxiety. The process can be expensive and take a long time to complete. However, we at the Law Offices of Alice A. Salvo recognize that the purpose of the probate system is to afford protection to all parties involved. Perhaps an explanation of the process can help it seem less confusing or intimidating.