How to Secure a Property Going Through Probate

Carol and Mick — Fri, 09 Dec 2022 01:27:00 +0000

Securing property during the probate process is an important step in protecting the estate and its assets.

Here are some steps that can be taken to secure property during probate:

Inventory the property: Make a list of all the assets that make up the estate, including real estate, personal property, and financial accounts.
Protect the property: Ensure that all property is protected from damage, theft, or loss. For example, secure the decedent’s home by changing the locks and setting up an alarm system.
Obtain insurance: Consider obtaining insurance coverage for the estate property to protect it from damage, theft, or loss.
Keep the property in good condition: Maintain the estate property in good condition and make any necessary repairs.
Limit access to the property: Limit access to the estate property to only those who have a legitimate reason to be there.
Keep accurate records: Keep accurate records of all transactions related to the estate property, including expenses, repairs, and income received.
Consult with an attorney: Consider consulting with an attorney to ensure that all legal requirements are met and that the property is protected during the probate process.