Estate Related News & Articles
Everyone agrees, half of the half of the estate sales are organized when homeowners decide to downsize or liquidate their home, the remaining half are arranged when somebody passes away.
Because these sales are aimed at selling off large portions of household items quickly, you can safely expect items’ prices to be much lower than what you find at retail stores, antique shops and even on eBay.
When you hire estate sale organizers, there are certain expectations you may have before, during, and after the estate sale is over. There are however some reasonable and unreasonable expectations that must be highlighted to clear some confusion among the general public.
When hiring estate sale organizers, one always wonders if a special license or certification is necessary to own an estate sale business. Although many estate liquidation companies are owned by licensed brokers, appraisers or auctioneers, their license isn’t specific to the estate sale industry.
Details about professional licensing
A license gives “permission to practice” it is issued in order to regulate specific activities that require specialized skill. Real estate brokers are licensed professionals, so are estate attorneys, and appraisers.
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?