Probate / Trust / Conservationship
About Michael Young, Probate Real Estate Specialist
Michael Young has over 30 years of experience serving the Bay Area as a top Real Estate Broker. Michael is a Certified Probate Real Estate Specialist. That means he has both the education and experience to navigate even the most complex probate and trust transactions from start to finish while ensuring the best possible price for the property. Michael ensures that the entire experience of selling the estate is as seamless as possible for the heirs, administrator or executor, and the attorney.
What Is Probate?
Probate is a court-supervised proceeding that authenticates a deceased’s Will and approves the named Executor so he or she can distribute the deceased property and belongings. During the probate process, all of the deceased assets must be located and assessed for the total value. Once that is done, taxes and debts are paid and the remaining value of the estate is distributed. In cases where there is no Will (meaning your estate is intestate). this process becomes more complicated. Because there is no documentation stating the deceased’s final wishes, it is up to the courts to handle proceedings and make all decisions for the deceased.
What is a Trust?
Trust property refers to assets that have been placed into a fiduciary relationship between a trustor and trustee for a designated beneficiary. Trust property may include any type of asset, including cash, securities, real estate, or life insurance policies. The trustee is required to manage the trust property in accordance with the trustor’s wishes and in the beneficiary’s best interests.
Selling trust property in California is common, but it’s also a complicated process with many steps and intricacies. Thankfully, Michael Young is an experienced Trust real estate agent with over 30 years of experience.
What is a Conservatorship?
A conservatorship occurs when a person or organization is authorized to care for the finances, health and assets of another person who is deemed partially or completely unable to take care of such needs.
Conservators are charged with managing the assets of a protected person, including real estate. There may come a time when one of the properties owned by the protected person must be sold. Whether this is simply the best financial decision for the protected person, or the funds made from the sale will be needed to pay essential bills, there is a process that must be followed by conservators when selling any property assets they manage.
Selling real estate under a conservatorship can be a demanding task. You need the expertise of a committed, trusted and caring individual. Luckily, Michael Young is your Bay Area Realtor and is dedicated to providing the best service in the Bay Area.