Probate Referee Realities
Let’s face it, when a loved one dies it can be an emotionally trying time. Not only are there a lifetime of emotions to process, there are a lifetime’s worth of possessions to divest, which can be equally if not more emotional. The probate referee is just that, the referee between the two sides of the probate process where property is being distributed between heirs. Because they are appointed to their position by the state controller after undergoing rigorous testing and interviews and because their offices are audited every four years, they have to maintain the highest standards in their work.
A probate referee is required to provide a third-party, unbiased opinion on everything of value in an estate, and is randomly assigned to cases by a probate judge. This impartial system of placing a referee with an estate is designed to eliminate any conflict of interest between heirs, attorneys, real estate brokers, or the IRS. It is their sole responsibility to sort through all the information available to determine what is fair for the family involved and to prevent them from being taken advantage of by people who may be attempting to profit from their misfortune.
For more information about Probate Referees, who they are and what they charge stay tuned as we gain insights to Probate Referees in the coming blogs.
Filed under: Escrow Issues, For Attorneys, Selling Trust & Probate Properties Tagged: | Derrick Ruiz, Keller Williams Realty, Out of state executers and trustees, Trust and Probate Issues, Trust and Probate Real Property Expert
