Terrence Freeman quoted in The Mortgage Reports
Nason Yeager estate and trust attorney Terrence Freeman was recently featured in a national publication, The Mortgage Reports. The article was titled, “What you need to know about real estate probate.” Here is a small portion of what he discussed:
What probate means for the beneficiary of real estate
Terrence Freeman, an estate and trust attorney with Nason Yeager in Florida, says a last will does not, by itself, transfer marketable title from the deceased to the beneficiaries named in the last will.
“There may be creditors of the deceased whose rights supersede those of the beneficiaries,” says Freeman. “Even if there are no creditors or other parties with higher priority claims, a last will must be filed with and approved by the probate court. The court will, after proper petitions are filed and a notice is given to the appropriate parties, issue orders regarding the last will, including orders regarding any real property owned by the deceased. Only then can the property be sold.”
Click here to read the full article.