Full question:
my husband hired an administrator to take care of things while his parents estate goes through probate, after probate is finished can we buy out the other siblings that want to sell the home or will we have to purchase the home through a Realtor? The administrator wants to apply my husbands inheritance money to the home and make the purchase through a Relator
- Category: Wills and Estates
- Subcategory: Probate
- Date:
- State: California
Answer:
Yes, it is possible to buy property from other heirs without a realtor. Once the probate process is complete, the administrator can execute a fiduciary deed to transfer the property. The heirs can sign deeds to transfer their interests to another party.
The administrator, appointed by the court, manages the estate by preparing an inventory of assets, locating creditors, paying bills, and filing tax returns. According to California Probate Code § 9650, the personal representative has the right to take control of all estate property, collect debts, and manage the estate until it is distributed. They can also receive rents and profits from the estate property during this time.
In summary, after probate, you can negotiate directly with the other heirs to purchase the home, and the administrator can facilitate this process without needing to involve a realtor.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.