PREPARING PROBATE SALE

Wisconsin getting ready for a real estate sale in probate.

Typically, after the property owner has passed and the family has held a funeral or celebration of life, they will hire a probate attorney to work on settling the estate.  The family decides who they want to be the personal representative and the probate attorney files the petition for probate with the court.  Depending on the County the hearing date is scheduled about 4 to 6 weeks out.  At the probate hearing the personal representative is formally appointed and the Domiciliary Letters can then be issued by the probate registrar. Once the Domiciliary Letters that serve as court issued documents that appoint and authorize the personal representative of the estate are in hand the real estate listing process can begin.  The personal representative will sign the WB-1 Residential Listing Contract- Exclusive Right To Sell Form.   The Certified Real Estate Probate and Trust Specialist will discuss plans with the family for getting the house and property ready for the market.  At the same time the probate attorney will be guiding the personal representative through the legal procedures of the creditor period.  In Wisconsin the creditor period sets a deadline for filing claims that is not less than 3 months and not more than 4 months from the date of the order that included the formal appointment of the personal representative.  Here we can estimate it has taken 2 months to get the Domiciliary Letters in hand and the personal representative to sign the WB-1 Residential Listing Contract- Exclusive Right To Sell form.  The creditor period defined by State law must be at least 3 months and not more than 4 months in length.  This accounts for about 5 months of time.  With the signed listing contract the certified real estate probate and trust specialist can use the Realtors Property Resource and the agent visual inspection process to assemble a current report.  Skyslope will be employed to execute, distribute, store, and update all the required documentation.  The South-Central Wisconsin Multiple Listing Service with Paragon will host and distribute the listing information.  The marketing plan will be reviewed. The personal representative chosen title company will be brought into the sale very early.  Any pre-sale appraisal, inspection, accountant review, and photographer can be coordinated.  A property showing schedule that meets the needs of the family will be in place prior to the listing going from partial to active.  This is taking place while the probate attorney is performing the notice to creditors and review of claims.  During this time the real estate can be listed, marketed, and sold, while working alongside the probate process.  Louis Kutzke is a REALTOR with eXp Realty who has earned the Real Estate Probate and Trust Specialist Certification as well as the Seniors Real Estate Specialist Designation making him a knowledgeable probate resource for the Wisconsin Dells vacation land area. The service he delivers can be described as helping families navigate the sale of real estate property after a homeowner passes away.  This can involve collaboration with the attorney and the court to define timelines for listing, showing, and accepting offers within a process that assures alignment with the legal requirements while adjusting to the current market. Probate in Wisconsin can be both lengthy and complex and often the family as well as their attorney will benefit from collaborating with a Certified Real Estate Probate and Trust Specialist when the sale of a property is involved.

Real Estate Probate and Trust Specialist

Louis Kutzke is a REALTOR with eXp Realty who has earned the Real Estate Probate and Trust Specialist Certification as well as the Seniors Real Estate Specialist Designation making him a knowledgeable probate resource for the Wisconsin Dells vacation land area. The service he delivers can be described as helping families navigate the sale of real estate property after a homeowner passes away. This can involve collaboration with the attorney and the court to define timelines for listing, showing, and accepting offers within a process that assures alignment with the legal requirements while adjusting to the current market. Probate in Wisconsin can be both lengthy and complex and often the family as well as their attorney will benefit from collaborating with a Certified Real Estate Probate and Trust Specialist when the sale of a property is involved.