"Probate, What Do I Do?" is a question that is often asked to Jim Ferrell, America's #1 Probate Speaker. The answer is that if there is a will you will need it, an inventory of all personal property with values, an inventory of all real property with values, a list of all known creditors and a meeting with all known heirs. You and your attorney will then take all of these to the probate court who will then appoint a personal representative.
In order to do this, you will need an experienced attorney and a Certified Probate Liquidator.
The Certified Probate Liquidator will place the required values on all of the personal property, check for hidden assets, get all of the heirs in one accord and negotiate with any creditors.
Then to, if there is real estate involved, you will need a Certified Probate Real Estate Specialist. The Certified Probate Real Estate Specialist will do the required real estate values and sell the property if necessary. Furthermore, they can do a short sales or bankruptcy sales if necessary since they are an authority with the probate process.
