Is Your Anderson Home In Probate? Here's What You Need To Know

When someone dies, the grieving process takes some time. Unfortunately, the rest of life can’t be put on hold. At one point or the other, things have to go back to normal. However, it is often the responsibility of the family to take care of the deceased’s property and manage the estate during this time.

That said, if you have a probate property for sale Greenville and you start asking yourself how can I sell my house for cash, the answer is here. In a case like this, it is advisable that you sell to Sell My House Fast Greenville – Spartanburg – Anderson – Pickens, a trusted cash home buyer. We are local investors who seek to simplify the process of selling your house. We buy houses Anderson, SC, and we are ready to buy your house for cash today.

Although managing and settling an estate is not just a personal responsibility, it is also a legal responsibility. This responsibility is handled through probate. Probate is the method used to distribute and close an estate with the oversight of the court. Probate court proceedings can be long, costly, and confusing. This is why some people take steps to ease their family the stress and avoid probate. It is worthy to note that probate law varies from state to state. This is why we have come up with this article to enlighten you on how to avoid probate in South Carolina. Let’s proceed.

How Do You Avoid Probate In South Carolina?

Even though most properties will need to go through probate, it is possible to avoid it. To achieve this feat, you need to plan early by putting the estate in a living trust with the beneficiary. When all assets are in the trust, probate isn’t necessary. Below are the ways you can avoid probate in South Carolina:

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Have A Living Trust

In South Carolina, you can have a living trust to avoid probate for virtually any asset you own. You can do this by creating a trust document (similar to a will), naming someone to take over as the Trustee or successor after your death. When going through this process, you must transfer ownership of your property to yourself as the Trustee of the Trust. Once you do this, the property will be controlled by the terms of the Trust. At your death, your trustee can then transfer it to the trust beneficiaries without any probate.

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Joint Ownership

If you own property jointly with another person, it is advisable that you include the right of survivorship. This will give the surviving owner the right to automatically own the property after your demise. Although it will take some paperwork to show that title to the property is held solely by the surviving owner. No probate will be necessary to transfer the property.

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Transfer-On-Death (TOD) Registration For Securities

South Carolina allows you to register stocks and bonds in transfer-on-death (TOD) form. People commonly operate their brokerage accounts this way. If you register an account in TOD (also called beneficiary) form, the beneficiary will be the one to inherit the account automatically at your death.

By doing this, no probate court proceedings will be necessary. All that is required of the beneficiary is to deal directly with the brokerage company to transfer the account.

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Payable-On-Death (POD) Designations For Bank Accounts

In South Carolina, you can add a payable-on-death designation to your bank accounts, such as certificates of deposit or savings accounts. After you have done this, you will still be in control of all the money in the account. Your POD beneficiary has no rights to the money, and you can spend it as you wish. At your death, the beneficiary can claim the money directly from the bank, without probate court proceedings.

Sell Your Probate Anderson, SC Probate Property The Easiest Way

Your assets, by law, will pass to your family even if you don’t have a Will. However, writing a Will usually makes the probate process easier and less expensive for your family. Will or no Will, most estates will need to be administered through the South Carolina Probate Court.

You can save yourself the stress and sell your Anderson, SC probate property to a cash home buyer. To get a desirable outcome, it is advisable that you work directly with Sell My House Fast Greenville – Spartanburg – Anderson – Pickens. We have the experience needed to buy probate properties without any issues. You don’t have to spend heavily on repairs when you work with us. We will buy the house fast in as-is condition. Also, our services don’t include commission fees, realtor fees, and other hidden fees. We will put money in your hand so that you can go ahead and focus on other crucial things in your life.

At Sell My House Fast Greenville – Spartanburg – Anderson – Pickens, we strive to make every aspect of selling your home an easy task. We are real estate investors who work hard and fast to deliver the best services you cannot find elsewhere.