Probate Services

By Erick Claudio, Certified Probate Specialist

Hablamos Español

 

Important Probate Terminology

Probate

A court-sanctioned process that allows the transfer of the decedent’s property to the living heirs.

Personal Representative

Someone appointed by the court who has legal authority to sign the deed transferring the house to the new buyer. This person will be an ‘executor’ named in the wil or an ‘administrator’ if there is no will.

Full Authority Probate

The most commonly desired way to go through probate. With full authority all you need is letters, orders and notice of proposed action to escrow on the sale of the estate’s real estate.

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Limited Authority Probate

The most commonly un-desired way to go through probate. With limited authority you need letters, orders, notice of proposed action, court confirmation and go through an overbid to close escrow on the sale of the estate’s real state.

Successor Trustee

The person left in charge of the estate by the deceased owner. This only applies if there is a trust in place.

Proposition 58

A tax law stating that a property will not be re-assesed to increase property taxes because it was inherited to a son/daughter from their parent(s).

Proposition 193

Same as proposition 58 but applies to an inheritence to a grand son/grand daughter from their grand parent(s).

N

Step Up Basis

A tax laws that helps an estates heir(s) avoid capital gains tax when they sell the deceased real estate.

The Probate Process

General Probate Costs & Fees

i

Petition For Probate

$465

Newspaper Publication

$200-$500

Z

Final Petition

$500

Realtor Commissions

5-6% of the real estate sales price.

Probate Referee

1 tenth of 1% of the estate. *Only necessary if court grants limited authority.

Probate Attorney

4% of the first $100,000

3% of the next $100,000

2% of the rest

Meet Erick, Your Probate Specialist

Erick Claudio

Erick Claudio

Probate Specialist

323-571-1124

[email protected]

DRE#02000236

Hablo Espanol

 

Hello! Thank you for visiting my specialized website for probate services. 

I believe information to be your most powerful tool when in a tough situation. As a probate specialist, I focus on solutions. I want to equip you with the best information possible to help you navigate trough this process smoothly.

This website is meant to educate you on the probate process, your options during probate, how to save money on taxes and other important information.

I know this isn’t an easy time and I am sorry for the loss of your family member(s). I hope this website can be of great help to you. You can always contact me directly for any questions or assistance.

I LOOK FORWARD TO EARNING YOUR BUSINESS.

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