An interesting read. This article highlights the most common issues that estates face in the sale of real property. Who owns it? Is it subject to probate? Are there taxes owed?
We found a will.....
Always best to consult with an estate planner or attorney to avoid serious pitfalls. It isn't for you, it is for those left behind that planning is important. I figure, what the heck, cut them some slack and make their life easier.
This is a column found at Len Tillem and Rosie McNichols website
Monday, August 29, 2011
New carbon monoxide law for home sales in California
New carbon monoxide detector requirement.
I checked with the California Association of Realtors legal department to see if probates are exempt as smoke detectors are for 1-4 unit residential properties. The answer was no. A reading of the new law confirmed this. So, we'll have to make sure this is done before cloes os escrow. Can it be pushed onto the buyer? No restrictions on this. Just has to be done before we close.
Here is a link to the new Carbon Monoxide law.
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