Dealing with the vacuum left by the death of a loved one is enough to worry in itself. However, having a property that constantly reminds you of a deceased loved one could become unbearable. So, dealing with the house of a lost family member often becomes a necessity after their demise. But how do you sell a house when someone dies? Who can sell the house of a deceased loved one? What makes the process different from selling one’s own house in Alabama? This article gives you an overview of handling the properties of a deceased loved one.
Executor vs. Administrator
When it comes to handling the properties of a deceased person, the executor or administrator plays a crucial role.
An executor, usually appointed by the testator or the writer of the will, is an individual assigned to carry out the instructions entailed in a will or testament. They are expected to manage the deceased’s affairs following the instructions given by the deceased before their demise.
An executor’s role may include:
- ensuring the wishes of the deceased are carried out as specified in their testament
- ensuring assets are distributed to the intended beneficiaries
- Organizing the deceased’s finances Paying inheritance taxes
- Applying for probate
- Registering the deceased’s death
- Arranging the deceased’s funeral
- Keeping estate accounts
- Maintaining the property until it can be sold or distributed.
Where there is no valid will or executor appointed by the deceased, a court may appoint an administrator to handle the deceased’s properties.
Accessing Money, Assets, And Other Properties Of The Deceased
When handling the house of a deceased loved one, a grant of probate is required before the property can be sold.
Suppose the deceased person left a lot of money. In that case, the executor/administrator applies for a grant of representation to a probate court to access the money and estate.
Properties
Real estate, shares, jewelry, antics, works of art, patents, and copyrights are all considered properties.
Sole-owned Property
When the deceased leaves a legal will regarding a house, the house usually passes to the named beneficiary following the will’s dictates. Otherwise, the law of intestacy holds.
Jointly-owned Properties
If the deceased had property jointly with another person or persons, the executor or administrator of the estate has to find out how the property was owned. A formal document that explains the kind of ownership should also be provided.
When the deceased person dies, the property gets transferred to the partner or is often transferred to the surviving joint owners by default.
However, in other cases, the deceased’s share of the property is counted as part of their property and dealt with according to the terms of the will. It is advisable to seek professional legal counsel in this case.
How To Sell My House After My SpousePassed Away
Contact Rhedkey Properties. To effectively deal with the house of a loved one without hassles and with minimal emotional strain, have an executor and a reliable real estate solutions company work with you. At RHED KEY, we buy homes in Alabama as-is or renovated at competitive prices. So, if you’re saying I’m ready to sell my house in Alabama, RHED KEY is the perfect company for a hitch-free sale.
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