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CENTRAL COAST REAL ESTATE

David Norwood - (805) 471-0828

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David@Dnorwood.com - 805-471-0828 or Toll Free - 877-471-9828

The most common reason for an estate sale is the death of the property owner, and the consequent need to quickly liquidate the deceased's belongings. The survivors may have no interest in the bulk of the personal belongings left by the deceased, or may simply lack space to keep the belongings. In situations in which the survivors cannot agree to the disposition of tangible property, a court may order the goods to be sold in an estate sale with the proceeds to be divided among the survivors. Such a sale and division may also be mandated in the will of the decedent.

Probate is the legal process of administering the estate of a deceased person by resolving all claims and distributing the deceased person's property under the valid will. A surrogate court decides the validity of a testator's will. A probate interprets the instructions of the deceased, decides the executor as the personal representative of the estate, and adjudicates the interests of heirs and other parties who may have claims against the estate. Ref: Wikepedia.org 

David Norwood Central Coast Real Estate – Estate and probate homes for sale  San Luis Obispo County Multiple Listings / MLS