Posts from April 1st, 2025
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Estates and Real Estate
What exactly is an estate regarding real estate? Maybe you have heard of this but estates, like divorce situations, are common in real estate. Estate sales are common as well. This is when an estate sales company will have a sale of all the estate's personal property. But let's talk about estates in real estate as they are entirely different from an estate sale. In real estate, an estate refers to the total assets and liabilities of an individual including real property that is owned by an individual. This can include land and buildings, personal belongings, bank accounts and investments. The estate is managed by an executor whose primary role is to settle the estate of a deceased person. If there is a will, the executor must follow the orders of the deceased person's will. If there is no will, the probate court will appoint an administrator to handle the estate.
It seemed like I was working with...