In a California Probate case, there are many time where having limited powers may be useful.
Here are some examples of why limited powers may be used:
- If you cannot get bonded for the full amount of the value of the property, limited powers are necessary. This ensures that the real estate sale goes through court confirmation and that at the confirmation sale hearing, the judge can order the proceeds to a blocked account.
- If you want to initially minimize the amount of the bond, but still want the power to sell, limited powers are useful.
- Same is true of other types of real estate transactions in probate.
To discuss real estate sales in California probate, call Mina Sirkin, San Fernando Valley, California Probate Lawyer at 818.340.4479. We are here to answer all of your probate questions about bonds and real estate sales. Our office is located in Los Angeles County, Woodland Hills Ca.
Talk to us about when you should get limited powers in a California probate case.