Probate Real Estate | What is IAEA?
By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate Services
(KD Realty - 408.972.1822)
The sale of probate real estate under IAEA is part of the probate process. Probate is the legal process to administer a deceased person's estate. The legal process is managed by the probate court in the county where the deceased person resides. Among other things, the process involves: Determining if there is a will and if it is valid The heirs and/or beneficiaries Value of the estate Managing the financial responsibilities of the decedent Distributing or transferring assets to heirs and/or beneficiaries What is IAEA?The California Probate Code governs the Independent Administration of Estates Act also referred to as IAEA.The laws allow an administrator or executor to manage most aspects of an estate without court supervision. When does the authority to act under the IAEA get granted?...
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