Did your loved one pass away, and now you’re being bombarded with paperwork, legal
speak and overwhelm? First of all, I’m very sorry for your loss. This can be a very
difficult and emotional time for you, and now you are left to sort everything out. Hi, I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station and I’ve been selling Real Estate for over 11 years. We have found this type of transaction can be one of the most
emotional to navigate, and I truly feel for you. Here are some terms that you need to know
to make your time a little less confusing. Probate: Probate is the process of deciding
where, how and to whom to distribute the decedent’s property. Another term is,
Personal Representative: As a Personal Representative you may have been chosen as
the personal representative, also known as Executor, Executrix or Administrator. This
means you are the person designated to administer the estate and ensure that the
deceased person’s wishes are performed. Other Probate terms are, Intestate vs
Testate: Testate means someone passed away and left a will. Intestate means they died
without a will. So what does Estate mean: Estate is the total possessions or assets
including money, jewelry, stocks and land. The Inventory and Appraisal is a list of all
assets in the estate. Property is valued at fair market value by the probate referee. These are just a few of the many terms you are going to see regularly. For more information, or any questions please contact me, or a probate attorney in (Bryan – College Station, Texas. Also, be sure to seek the advice of a lawyer or an attorney as I am not one but just giving helpful information. I’m Your Community Market Leader Sherri Echols, a helping hand for a happy home.
