Administering The Estate

What’s Inside

✅ The first legal and practical steps after receiving your Letters of Administration

✅ How to inventory and safeguard estate property

✅ Handling debts, creditors, and ongoing expenses

✅ Communicating effectively with heirs and beneficiaries

✅ Common pitfalls new administrators face — and how to avoid them

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Administering the Estate After Appointment. 

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Administering the Estate After Appointment

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Estate’s Course of Action

What You’ll Learn Inside

 ✅ How to evaluate the estate’s financial position
✅ Options for keeping, renting, or selling the property
✅ Legal & financial factors to consider before acting
✅ Common mistakes that cost estates thousands
✅ A clear framework for confident decision-making

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Estate Course of Action

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Cash Offers

WHAT’S IN THE GUIDE

✅ Evaluate whether the estate requires a quick sale to cover debts, taxes, or expenses.

✅ Assess whether repairs or improvements are feasible and cost-effective

✅ Consider current local real estate trends and buyer demand.

✅ Communicate clearly with beneficiaries about realistic timelines and potential sale prices.

✅ Ensure compliance with probate court rules regarding property sales.

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Cash vs Open Market

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Are You the Executor of the Estate?

 

 

 

 

 

 

What’s Inside the Guide

✅ Evaluate the estate’s liquidity and financial standing
✅ Understand your responsibilities as an executor
✅ Learn how to assess property condition and value
✅ Avoid common mistakes when selling probate real estate
✅ Prepare for potential tax and legal implications

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Probate Intro

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