NEED PROBATE REAL ESTATE HELP?
We offer a team ready to help you with many of the issues Executors, Administrators, and/or Heirs face.
You may need:
- Probate Attorney
- Real Property Valuations
- Personal Property Values by Appraisals
- Junk Removal
- Property Maintenance
- Estate Sales and/or
- Real Estate Sales
Certified Real Estate Probate Specialist
THE PARKHOUSE TEAM
Virtual Properties Realty
2750 Premiere Parkway
Duluth, GA 30097
Resources and Information
- Reads your will
- Safeguards your assets
- Petitions the court for probate of your will
- Assembles and inventories all of your assets
- Procures appraisal of all assets
- Administers your estate
- Makes all your tax returns
- Settles all your proper claims
- Distributes your probate estate
- Obtains final discharge
|Prepare and file Petition for Probate||1-2 months|
|Court hearing on the Petition for Probate||2-3 months|
|The following are issued: Letters of Administration, Orders for Probate, Duties and Liabilities, Issue Bond (if ordered), & **Letters Testamentary||2-4 months (if not contested)|
|Notice to Creditors||2-4 months|
|Notice to Department of Health Services Inventory & Appraisement||4-8 months|
|Pay State and Federal Taxes (if necessary)||6-12 months|
|Allow or Reject Creditor Claims|
|Possible Preliminary Distributions|
|Notice to Department of Health Services (if deceased receive medical benefits)|
|Notice to Franchise Tax Board (if heir is out of state)|
|Claim of Exemption (if assets transfer to a minor)||6-15 months|
|Receive Final Tax Letter from State and Federal (if appropriate)||6-18 months|
|File Petition for Final Distribution and Accounting||8-16 months|
|Hearing on Petition for Final Distribution and Accounting|
|Order Approving Final Distribution and Accounting|
|Distribution of Assets to Heirs||9-17 months|
|Final Discharge Order (indicates close of probate case)||9-18 months|
|Final Distribution of Funds||9-18 months|
Person (sometimes a family member) appointed by the court to administer the estate of a person who died without a will (i.e. a Personal Representative)
Administrator with Will Annexed
A person appointed by the court to administer the estate of a person who died with a will, but this person was not named in the will to act as a personal representative. Also known as Administrator C.T.A. (Cum Testamento Annexo).
An individual or organization to whom a gift of property is made.
A person or organization appointed by the court to protect and manage the personal care or financial affairs, or both, of a conservatee. (See LPS Conservatorship)
A refusal to accept, for example, a testamentary gift made in a prescribed manner and time.
A person or organization that manages property for a person, with a legal responsibility involving a high standard of care. E.g. conservators, guardians, personal representatives, agents, or trustees.
The individual or corporation who makes a grant (transfer) of property to another person.
A person appointed by the court to protect and manage the personal care or financial affairs, or both, of a minor (ward).
The taxes imposed, according to the relationship to the decedent, on the person who receives the property.
Someone who dies without a will.
Trust wherein the grantor has expressly released the power of revocation.
A form of property ownership by two or more persons. Often designated with joint tenant with right of survivorship. Own equal parts of joint tenancy property.
An administrator or executor appointed by the court to administer a decedent’s estate.