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New California Probate Code Section 851

If you are utilizing California probate code 850 to do a Heggstad petition or other utilization of this broad code section be careful on your notice of hearing! As of January 1, 2018 there is a new California probate code section 851.

Probate Code

Prob C § 851. (a) At least 30 days prior to the day of the hearing, the petitioner shall cause notice of the hearing and a copy of the petition to be served in the manner provided in Chapter 4 (commencing with Section 413.10) of Title 5 of Part 2 of the Code of Civil Procedure on all of the following persons where applicable:

(1) The personal representative, conservator, guardian, or trustee as appropriate.

(2) Each person claiming an interest in, or having title to or possession of, the property.

(b) Except for those persons given notice pursuant to subdivision (a), notice of the hearing, together with a copy of the petition, shall be given as provided in Section 1220 if the matter concerns a decedent estate, as provided in Section 1460 if the matter concerns a conservatorship or guardianship, or as provided in Section 17203 if the matter concerns a trust to all of the following persons:

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Costs Of Probate In California: What You Need To Know In 2018

In California, if your assets are valued at $150,000 or more and they are not directed to beneficiaries through either a trust plan, beneficiary designation, or a surviving spouse, those assets are required to go through the probate process upon your incapacity or death.  Here are the costs you can expect if faced with probating an estate.

Court Fees

In Nevada County, for a “straightforward” probate, the largest court fees are incurred at the beginning and end of the process. The fee to file a probate petition is $435. Additionally, there will be a $435 filing fee to file the petition for final distribution of the estate assets. There will also be miscellaneous fees such as publication of the probate notice, fees associated with the probate referee, and fees for certified copies of court documents.  If the estate is more complicated or if there are disagreements between parties, additional court fees may be incurred.

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Why The Highest Offer Isn’t Always The Best

You are ecstatic because you have received seven offers on your home, many of them over the asking price. Your initial reaction is to choose the highest, but wait. The highest offer isn’t always the best one. You should scrutinize every bid before you make this important decision.

For example, if you receive an offer well above the asking price but the buyer has only a 5 percent down payment, this could become a problem if the bank does not appraise your home at the proposed purchase price. If the buyer can’t put more money down to bridge the difference between the offer and the appraised value, the deal could fall apart or have to be renegotiated — at a lower price. A slightly lower offer with a bigger down payment could be more appealing.

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What Steps Are Involved In Selling A Home?

STEPS TO SELLING A HOME

A great question that many homeowners, considering selling their home, want to know; what steps are involved in selling a home? Knowing the home selling process is half the battle when selling a home; the other half of the battle I’ll save for another article. And knowing what steps are involved in a selling a home, will allow you to prepare both physically and mentally as it can be both physically and mentally exhausting.  From getting your home ready to sell & move, to dealing with the emotional side of leaving your home along with all of the memories that may open the floodgate, selling a home can truly be draining.  Again, a very common question from homeowners considering selling their home. So just what are the steps in selling a home?

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The Benefits of Listing with an Agent

The anticipation of starting a new journey with your family is nothing short of exciting.  You’ve decided to sell your home, start fresh, and maybe in the process make a profit from the blood, sweat, and tears you’ve poured into your wonderful living space.  Of course, this all sounds like a good plan, and in all honesty who wouldn’t want to earn a profit on the sale of their home?  It’s no secret that putting as much money as possible back into your pocket is your number one priority.  Money talks, right?

Selling a home can be time-consuming, frustrating, emotional, and confusing.  Going at it alone may seem like a good idea at first.  For one thing, you cut out the standard 6% commission you would be normally dishing out to the agents who get involved in the sale of your home.  But, is cutting out the professional really the best way to get the most out of your home?

Let me argue the case of the real estate professional.  There are many tools that an agent has at their disposal to help get your home sold and at the highest price.

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Buying a Home in 2018? 11 Tips to Get It Done!

If you’ve yet to enter the housing market but are thinking of buying a home in 2018, there’s a lot you need to know.

As I once pointed out, this isn’t your older sibling’s housing market. Not just anyone can get a mortgage these days. You actually have to qualify. But we’ll get to that in a minute.

Let’s start by talking about home prices, which have soared in recent years.

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5 Things Buyers should know before buying a home without an Agent

When it comes to real estate, you’ve probably heard of homes being listed as “for sale by owner.” This is when a home is put up for sale by its owners, without the help of a real estate agent. Similarly, it is possible to buy a home without the help of a professional real estate agent.

It is possible, but not necessarily easy. Though some buyers are able to find a home, make an offer, negotiate and do everything needed to go to closing, there are some things they may want to know before attempting this venture alone.

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Are you ready to buy your first home?

READY TO BUY A HOME? CONSIDER THESE FIVE THINGS FIRST

Some say the generation is entitled; some say they’re lazy. They’re also known to be tech-savvy, educated individuals. Who are they? They’re millennials and they’re a force to be reckoned with when it comes to the world today. As far as real estate goes, many millennials are considering whether or not it is their time to buy a home. Like every home buyer, members of the millennial generation should consider a few important things before taking the plunge into home ownership.

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8 Everyday Ways to Live Clutter-free

Zone Maintenance

Maintenance begins when you’ve achieved your ideal. Your home is a place where you are relaxed and comfortable and inspired to live the life you want. You’re surrounded with things that are meaningful to you. You remember the past, look forward to the future, but live in the present. You’ve found the right balance.

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