Senior Transitions | KRE + Associates

SENIOR, PROBATE & TRUSTS SPECIALISTS

WE ARE REAL ESTATE SPECIALISTS FOR THE SENIOR COMMUNITY

The SRES® Designation demonstrates the necessary knowledge and expertise to counsel clients age 50+ through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home.

AS AN SRES® REALTOR, WE WILL:

• Provide you with useful resources and information
• Help you understand the potential financial situations and available financing methods
• Help you understand federal laws concerning 50+ buyers
• Inform you of housing options and amenities available

WE ARE PROBATE & TRUST SPECIALISTS

Laura Klein, Certified Probate & Trust Specialist (C.P.R.E.S)

Probate and Trust real estate transactions are not typical real estate transactions. When selecting a real estate agent to represent you in a probate and/or trust situation, you need a professional who understands the process. This is where our team is equipped to navigate you through probate and trust process.

Probate

Probate is the legal process for distributing a deceased person's property to their heirs and beneficiaries and settling any debts. The probate process carries out the instructions in a person's will. Additionally, if there's no will, it follows state law. If you own a house in California and you die without a living trust, your heirs or beneficiaries will have to engage the probate court to transfer the title out of your name into theirs.

Trusts

If someone dies and he or she has a trust then no probate is needed. However, many of the procedures that are taken in a probate are still applicable to a trust. If someone dies having drafted a living trust, there is no probate proceeding but rather the process is called a trust administration. A trust administration is NOT a court-supervised proceeding, like a probate, but rather the successor trustee will manage the trust's assets in accordance with the terms of the trust in strict adherence to the California Probate Code.

Convervatorship

When someone is no longer able to handle his or her own financial and/or personal affairs, the court can appoint an individual (the conservator) to act on behalf of the incapacitated person (the conservatee). The judicial procedure for this appointment is called a probate conservatorship. The establishment of a conservatorship restricts the conservatee’s powers over financial and/or personal care decisions.