Probating an ESTATE from ANOTHER STATE
Hey everyone, this is Brad from Probateresource.com. At Probate Resource, we’re a real estate solutions company that specializes in probate inheritance properties. We’ve developed Probateresource.com and our YouTube channel to be a comprehensive resource for all things related to probate. We hope the content we’ve created is useful to you and helps answer your questions.
Today, let’s discuss probating and managing an estate from another state. Although we’ve covered similar topics in other videos, we frequently encounter individuals who have probated an estate from another state. We’ll explore how they handled it, including whether they visited the property and how they managed the process.
2024 Tech Made Easy
The good news is that in 2024, you don’t need to be physically present to navigate the probate process. With the advent of technology during the pandemic, many courts now allow you to be sworn in and attend hearings virtually via video conferencing services like Zoom. While not universally applicable, this convenient option is widely available, thanks to the adaptations made during lockdowns.
Similarly, if you’re dealing with inherited property from another state, you don’t have to visit the property personally. Investors or real estate agents like myself, a licensed agent in Georgia, or specialists from our nationwide network, can assist you. We can either refer you to a trusted professional or, if you prefer a hassle-free cash offer, we buy houses at Probateresource.com. Let us or your preferred real estate contact handle the property for you.
Lockboxes & Insurance Tips
To streamline property access, I highly recommend installing a lockbox. While entrusting keys to neighbors or friends might seem convenient, their availability can be unpredictable. A lockbox, readily available for around $35 at most stores,offers a secure and accessible solution. Whether mounted on the door, fence, or discreetly placed, it allows you to share the combination code for easy property access.
Additionally, if you’re managing the property from another state, it’s crucial to review your homeowner’s insurance policy. Many policies exclude vacant dwellings, necessitating a separate vacant dwelling policy. With my background as a licensed insurance adjuster, I advise you to carefully examine your policy for vacancy exclusions. Claims for incidents occurring after the specified vacancy period may not be covered by standard insurance, emphasizing the importance of vacant dwelling coverage. Always read your policy to understand all exclusions.
Local Help & Power of Attorney
If you’re managing inherited property from another state, seek help from local individuals. Neighbors, friends, or even responsible teenagers can be valuable resources. While trust is crucial, you’ll need to rely on your judgment when choosing who to enlist. Make sure they are reliable and willing to check on the property regularly.
If you’re dealing with an inherited vehicle from another state and need to sell it or transfer the title, a power of attorney can be a helpful tool. In many areas, you can appoint someone to handle these tasks on your behalf.
If you’re an executor residing in another state, you can grant a limited power of attorney to a trusted individual, authorizing them to complete specific actions, such as transferring the title of the vehicle on a certain date for the purpose of selling it.
If you need a power of attorney drafted, it’s best to consult an attorney. Getting a free form online may lead to various issues such as it not being specific enough or too broad. Working with an attorney ensures that your power of attorney is tailored to your needs.
If you’re working with a probate attorney, they can assist in creating a power of attorney that suits your requirements. Additionally, a probate attorney will be familiar with the state laws regarding the scope of a power of attorney, saving you the trouble of having to personally handle matters in another state.
It’s apparent that most of us have a smartphone. You can use your phone to take videos, pictures, and make video calls through FaceTime, Snapchat, or Zoom. You can easily communicate and share media without having to physically visit the location.
If you are looking to sell a property located in another state, we can purchase it for cash. We strive to make the process as convenient as possible, and in many cases, we even buy the property with all the belongings left inside. Often, families take what they want from the property, leaving the rest behind, which we are happy to purchase as is, without requiring any repairs.
Let’s Connect
If you’re looking to get the best possible price for your property, consider taking the traditional route and listing your house with an agent. Our company has a great network of real estate agents who specialize in probate and inheritance, and they are located all over the US. If you’re interested in working with us, visit Probateresource.com or click the link in the description if you’re watching this on YouTube, and fill out the form on our website with your information. Once you submit the form, a member of our team will contact you as soon as possible. You can also find our phone number on our website and give us a call to speak with a member of our team directly.
Thank you for watching this video. I’m Brad with Probateresource.com, and I hope you have a great day. Goodbye!