Give your personal representative a heads-up if there is real estate listed as probate property in your probate petition. Given the current real estate market conditions, speculators are as ravenous as ever to snatch up property at a discount. Tell the personal representative to expect lots of junk mail from the speculators and to check with you before going too far in a deal with these speculators.
I had one personal representative who received several pieces of mail a week for a while. Judging from the letterhead and content of the speculators’ letters, most of them seemed dubious at best. Proceed with an abundance of caution and provide preventative counsel to your client before it becomes a problem.
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