Frequently Asked Questions

FAQ

How long does it take to release money from the estate?

If the estate is small and has a reasonable amount of debt, six to eight months is a fair expectation. With a larger estate, it will likely be more than a year before everything settles. This is especially true if there's a lot of debt or real estate in multiple states.

Do executors have to inform beneficiaries?

Executors basically are a beneficiary's only conduit of information when it comes to the estate of their loved one. As a result, they have a responsibility to keep beneficiaries reasonably informed about the activities of the estate and transactions made on its behalf.

What is an order of final distribution?

A petition for final distribution of probate is a legal document that asks the court to distribute the remaining assets of an estate to the beneficiaries or heirs. It is usually filed by the executor or administrator of the estate after all debts, taxes, and other matters have been resolved.

How long does it take to be appointed administrator of an estate in NY?

The average length of the basic steps in the probate process in New York include: Appointment as administrator or executor of the estate: About four to six months. Settling the estate: About six to nine months. Closing the estate: About two to three months.

How do beneficiaries receive their money?

Bank accounts, retirement accounts, and life insurance will automatically transfer an inheritance if beneficiaries are designated. Listing beneficiaries on these accounts can be the easiest and quickest way to transfer those assets outside probate court.

How much does a real estate assistant make in Georgia?

Real Estate Agent Assistant Salary in Georgia

	Annual Salary	Monthly Pay
Top Earners	$70,888	$5,907
75th Percentile	$53,900	$4,491
Average	$44,036	$3,669
25th Percentile	$36,400	$3,033

How much does a beginner Real Estate Agent make Georgia?

Real Estate Agent Salary in Georgia. $61,400 is the 25th percentile. Salaries below this are outliers. $94,500 is the 75th percentile.

What is the highest paid type of Real Estate Agent?

High Paying Real Estate Agent Jobs

• Real Estate Officer. Salary range: $73,500-$134,500 per year.
• Commercial Real Estate Agent. Salary range: $67,000-$125,000 per year.
• Real Estate Rep.
• Licensed Real Estate Agent.
• Real Estate Broker.
• Real Estate Salesperson.
• Realtor.
• Real Estate Sales Manager.

How much does the average realtor make in GA?

On average, real estate agents make $84,459 per year according to salaries reported by Indeed users.

Is being a Real Estate Agent in Georgia worth it?

Real estate agents make a good amount of money, given if they play their cards right. An average agent in the first year earns around $65,903 annually in Georgia. That's around $32/hour! Plus as you gain more experience, you start earning even more than this!

What do the feds do with seized property?

Federal law enforcement agencies seize property, and the property is held until the court determines it should be returned to the defendant or if forfeiture proceedings may begin. Seizure is especially common with assets that might be evidence in a criminal investigation.

How soon after court confirmation and sale of house does administrator get paid

What does seizures of property mean?	Seizure occurs when the government or its agent removes property from an individual's possession as a result of unlawful activity or to satisfy a judgment entered by the court.
What are the three types of forfeiture cases?	Under Federal law, there are three (3) types of forfeiture: criminal forfeiture, civil judicial forfeiture, and administrative forfeiture.
What is a government seizure of property called?	Civil forfeiture allows police to seize — and then keep or sell — any property they allege is involved in a crime. Owners need not ever be arrested or convicted of a crime for their cash, cars, or even real estate to be taken away permanently by the government.
How can I buy a US government property?	You can purchase surplus government property through GSA AuctionsSM. The site offers the general public the chance to bid electronically on federal assets. All registered participants can bid on a single item or multiple items (lots) within specified time frames.
What does an estate agent admin assistant do?	Greeting clients, answering the telephone, and making follow-up calls. Preparing correspondence, scheduling meetings, and making travel arrangements. Preparing real estate forms and documents. Coordinating showings, assisting at open houses, and obtaining feedback.
How much do real estate assistants make in South Florida?	Real Estate Agent Assistant Salary in Florida. $31,200 is the 25th percentile. Salaries below this are outliers. $46,300 is the 75th percentile.
How much does a real estate assistant make in Texas?	The average Licensed Real Estate Assistant salary in Texas is $45,662 as of September 25, 2023, but the range typically falls between $44,608 and $58,082.
What is a real estate virtual assistant?	A real estate virtual assistant handles phone and online tasks for a real estate business. They can make outbound calls for leads, receive calls, and follow up with buyers through VoIP.
What is the difference between an admin associate and an admin assistant?	Administrative associates perform administrative tasks at companies. The role bears similarity to an administrative assistant position but at a higher level. Administrative associates generally spend less time on secretarial duties and instead focus more on departmental operation.
How long does a probate sale take in California?	California law rules that the personal representative should have completed probate within 1 year of being appointed executor, administrator, or personal representative of an estate. However, as a general rule of thumb - the probate process will take anywhere from 9-18 months, with some exceptions.
Who can alter escrow instructions?	The principals may change, by mutual agreement, the instructions at any time and one principal may waive the performance of certain conditions, provided the waiver is not detrimental to the other principal to the transaction.

• What is the California Residential Purchase Agreement?

  • Updated September 20, 2023. A California residential purchase and sale agreement is a contract between a buyer that agrees to purchase real estate from a seller for an agreed-upon sales price.

• What is the deposit for probate sale in California?

  • Estates representative may require a 10% deposit. California probate law does not require a deposit on homes sold through probate to be 10% of the purchase price. The deposit requested on probate sales in California is up to the representative.

• Are probate sales cash only in California?

  • Judge Confirmation of A Probate Sale

    Bids can be either in cash or financed, but there can be no remaining contingencies after the judge confirms the sale. The winning bidder typically gives the court a cashier's check for 10% of the winning bid amount. This isn't required by law, but most executors require it.

• What is the highest salary of an admin?

  • Highest salary that a Admin can earn is ₹6.1 Lakhs per year (₹50.8k per month).

• What is the highest paying real estate job?

  • The highest-paying real estate job is typically the role of a Real Estate Development Manager. Real Estate Development Managers are responsible for overseeing large-scale development projects, managing budgets, negotiating deals, and ensuring successful project completion.

• What is a real estate administrator?

  • A real estate administrator oversees the day-to-day operations of real estate offices. As a real estate administrator, your job is to interact with tenants and coordinate with property managers, ensuring that every property lives up to expectations.

• What is the highest paid Real Estate Agent salary?

  • The best Real Estate Agent jobs can pay up to $134,500 per year. A Real Estate Agent helps people sell or buy property and homes. They can work as a buyer's agent to help the client purchase a home, or as a listing agent to help a client sell a home. Most Real Estate Agents work with specific kinds of property.

• Is admin job stressful?

  • As an administrative assistant, you may have to deal with various sources of stress and pressure, such as tight deadlines, multiple tasks, demanding clients, or unexpected changes.

• What is the role of a real estate administrator?

  • Duties include mostly clerical work and keeping track of important documentation for real estate agents and property managers, which means you'll need to develop excellent communication and organizational skills to succeed.

• What does an admin coordinator do in real estate?

  • A real estate sales admin coordinator is a back-office member of the property sales team. They monitor the status of properties for sale, answer customer inquiries, and may produce marketing materials associated with these properties.