Estate Related News & Articles
Holding an estate sale is an excellent choice for liquidating a large amount of household…
Most of us love shopping local estate sales, and many of us wonder what it would be like to cross to the other side by starting an estate sale business of our own. If you’re feeling extra daring and energetic, here are some things to consider if you’re thinking about owning your own estate sale company.
Did you know that owning a home based business can help you with tax deductions? If you’re a home based estate sale company, or a real estate agent, there’s no better time than now to think about year-end tax savings, here are some of the areas to consider when you meet with your tax consultant.
With estate sale competition heightened, many estate sale companies are creating a new social gathering and interest around their client’s estate sales by hosting “Champagne Estate Sales”. These sale events include the consumption of alcohol while you shop, how fun right? What about the liability?
The estate sale contract outlines in writing the agreements and responsibilities of parties involved. You as the hiring party, and the estate liquidator or company hired to perform the sale. An estate sale contract is necessary because a verbal agreement is not enough.
All parties mentioned are bound by the details, here’s an example of the various sections generally included in a contract.
Probate involves the court supervised process of identifying, gathering and supervising of a decedent’s assets to pay debt and distribute assets amongst beneficiaries. The probate administration process only applies to probate assets.
What are probate assets?