Estate Properties in Different Jurisdictions

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May 19, 2014 by generationsprobate

There are various motivations why people have properties in different parts of the country. Usually, it is a form of diversification of assets to optimize investment opportunities and maximize profit earning. This may also be done because a person has business interests in the areas where his properties are located.

The existence of decedent properties in different jurisdictions is also a common problem many heirs, beneficiaries, and executors face during probate. This is a problem because concerned parties in a probate process would have to face different statutes and protocols that are required by governments in places where each of the properties are located. Probate attorneys normally come in play to help ease the probate process unfold.

Having probate attorneys to guide successors in the difficult task of settling the estate of a decedent is beneficial. They can offer knowledge and experience in handling cases in the states or countries where the benefactors have assets. It would also mean that executors don’t necessarily have to travel back and forth to these locations as lawyers can do this for them.

There is always a logical, and sometimes illogical, reason to why decedents have properties in various locations. Regardless of their reasons for it, though, what needs to be done is to make sure that the decedent’s wishes regarding these properties are rightfully carried out. You just have to get the services of probate attorneys to make sure you get what’s due to you.

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GenerationsProbate

Generations is a Sacramento-based estate and trust law firm, providing quality legal counsel in Estate and Tax Planning, Trust Administration, Probate Administration and Elder Law. The name reflects the firm's position as a devoted ally that helps families and businesses make informed decisions about their futures, from one generation to the next.


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