Podcasts about Probate

I am often asked what happens to rental property during probate. Specifically, what happens to the rental income during the probate process? In today's show, I'm going to answer these questions as well as some other common questions that pertain to rental properties that are part of an estate, such as, "What happens when the tenant stops paying rent but won't move out"?    Learn the ins and outs of how to handle common tenant problems during the probate process.   [00:00 - 06:54] What to Do When Rental Income Can't Cover Expenses During Probate The probate process involves a decision-maker (executor/administrator) Understanding how probate works helps treat money in estate properly Once the estate is opened and the executor/administrator is appointed, they can move forward with selling assets in the estate If using property management software, rents can continue to be entered into the system   [06:55 - 15:13] What to Do if Property Becomes Vacant During Process Heirs cannot have access to rental income before probate is completed Personal representatives can use the money to pay expenses related to the income-producing property If rental income is not enough to cover expenses, money from the estate can be used     Quotes:   "The executor of a probate estate has the authority to file an unlawful detainer. Just the same as if you were managing your own property or property from someone else." - Sharon Vornholt    "An executor can evict someone that ultimately will be an heir to the estate. If it's not on the deed, whatever doesn't matter. The fact is that if they are an heir, it doesn't give them the authority to live in the property rent free." - Sharon Vornholt      Links:   Email me at: sharon@sharonvornholt.com  Louisville Gal's Real Estate Blog   Let's Talk Real Estate Investing Podcast   FREEBIE: Probate Investing Starter Kit  Probate Investing Course     Learn more about this podcast on iTunes or Stitcher. If you liked my show, please LEAVE AN HONEST REVIEW, like, and subscribe!      

#realestate #wholesalerealestate #realestatecoaching #realestateinvesting #probaterealestateIn this week's coaching call, Bill Gross and Probate Mastery students/alumni discuss cold calling advice, skip tracing, hiring virtual assistants, and more!Sign up for the FREE Probate Foundations live training. This is a 2 hour live-taught course focused on the opportunity around Probate. If you're just starting out in the niche, or still exploring your options, you'll learn the basics of building a Unique Selling Proposition, Marketing, and Team Building. REGISTER HERE:https://courses.probatemastery.com/probate-foundations-registration-form

What are the risks of being an executor? An executor has a lot of power and responsibility during probate, but is correspondingly accountable for everything that happens within the estate. We'll cover how an executor has risk of even personal liability, how long that risk lasts, and how an executor can protect himself from these risks. Executor personally liable for debts and taxes The executor has personal liability for debts, taxes, and anything wrong with the estate. If an executor makes an error, the court's first reaction is to deny payment of the executor's commission. If the commission is not enough to cover the court-determined error, the executor's PERSONAL assets (home, bank accounts, etc.) are legally at risk if court rules that the executor screwed up. When someone chooses an executor and that person accepts the role, it's very possible that neither party is aware of the risks. The risks can be more than the executor forgetting to pay a tax bill and becoming personally liable for it. Some scenarios are a bit more nuanced. For example, the executor sells the real estate, but at the closing a few months later, the heirs dispute the sale price. The heirs might seek the difference in the price from the executor's commission or from him personally. Another example is when the executor fails to pay a “knowable” debt or tax or fails to take the steps to find out if debts exist. How long is an executor liable for debts? Theoretically, the executor can be liable forever. There are some limits, but practically an aggressive lawsuit can get around those limits Many states have laws that give creditors 7 months (or similar time limit) to submit verified claims. There is a specific legal procedure to become an official creditor or else the executor is not personally liable for that debt. However, even in absence of a formal claim, the executor can be held to have constructively known about the debt, or even should have known! The best practice when closing an estate is to ask heirs to sign a receipt and release, which says the heirs accept their check as full and final settlement, and agree not to try to sue the executor later. Theoretically, the release is iron-clad protection for the executor. But practically, the heirs can get around it. An heir could claim that she signed the receipt and release because the executor failed to disclose information, otherwise she wouldn't have signed it, etc. How executors can protect themselves The good news is that there are ways to protect yourself if you are an executor. First, get the tax clearance. Don't distribute estate funds until the IRS and state have confirmed you're good to go. Although painfully slow, they have procedures to formally release an executor from personal liability. If you fail to get the tax clearance (or even fail to search for tax that is owed), the taxing authorities have and will slap you with large and completely unexpected tax bills. Second, when closing an estate, do a full accounting with receipt and releases. The accounting is composed of the books and records of the estate in court-approved format. It provides full disclosure to the heirs and gives heirs/creditors less wiggle room to argue that the executor failed to inform them. Next, keep a reserve. Hang on to a small percentage of the estate funds to pay those surprise debts or taxes, just in case. Of course, the reserve will be paid out to the heirs eventually. But, give yourself some time to make extra sure that the estate doesn't owe any debts or taxes. No matter how good an executor is and even though the estate is closed, things tend to come up down the road. If you have a decent reserve, then you won't have to hunt down the heirs asking them to pay back the debt. And believe me, the heirs will not return your calls and you'll be out of luck. Lastly, you can protect yourself by not being an executor: hire a professional! Even with a good probate lawyer, amateur executors are prone to making poor decisions that leave them open to risk. Why not have an experienced professional making those risk cost-benefit decisions, instead? Even a small mistake could leave an executor open to risks. For those of you who are considering being executors or for those who are thinking about who to name as your executor, it is useful to know what an executor has to go through. To learn more, check out my book, “How to Hire an Executor.” Request your free consultation    

Trust Administration - What is it, and how is it different than probate? If you or a loved one has a trust, you need to know this information! Contact me for additional information or to set up your trust so that you can avoid probate! www.amandarochalaw.com/contact-us I love helping people and make these podcasts to help non-lawyers learn a little more about legal concepts. I'd appreciate it if you take a second to let me know what you thought of the podcast and if you learned something, please hit the subscribe button, rate and review! It helps other people access the podcast too. -- If you want to talk more about estate planning: https://www.amandarochalaw.com/click-estate-planning If you want to talk more about probate: https://www.amandarochalaw.com/click-probate -- Estate Planning and Probate is all we do. If you want someone who is honest, diligent, and compassionate, you've come to the right place. Amanda Rocha is the owner of Law Office of Amanda L. Rocha. She created it with one goal - help YOU live a great life and leave a great legacy. You'll find information here on estate planning, probate, revocable living trusts, irrevocable trusts, life insurance trusts, charitable giving, wills, trusts, power of attorney, medical power of attorney, trustee selection, and everything in between. -- Instagram = https://www.instagram.com/amandarochalaw Facebook = https://www.facebook.com/amandarochalaw *Attorney advertising. For educational purposes; no guarantees are made with this podcast or text.

Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00:00 Introductions00:03:11 Foundations of Probate00:16:26 Digital Marketing in Probate Real Estate00:27:02 Pre-Probate Leads and Cash Advances00:36:22 Digital Presence for Marketing00:49:54 Utilizing Probate Cash for Real EstateInterested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind attorneys Support the show

Hi friend!   Today we will continue our discussion from last week: What couples need to know about Wills and Estate Planning.   Our special guest, Amy Murphy, will enlighten us and tell us more about Wills and Estate Planning as we conclude this series.   What is Grant of Probate? When is the best time to make a will? Can I use an online kit for my will and estate planning? These and more will be answered.   Alright, let's dive right into the conversation. Listen & get ready to take some notes:)     About Amy Murphy: Amy K. Murphy, B.A., L.L.B., Barrister & Solicitor, has over 30 years in the practice of law, and is the owner of Murphy Law in Peace River, Alberta, Canada, with expertise in real estate transactions, wills & estate administration, corporate and business law.   Website: https://murphy-law.net Phone: 780-624-2221   Fax: 780-624-2261  Email: info@murphy-law.ca   ............................................................................................................. For questions/inquiries/coaching: Email: coach@happymarriedfamily.com    The Happy Married Family Online Shop: https://happymarriedfamily.etsy.com/    

How to Wholesale Probates FREE TRAINING!! Hello, folks! This is Rick Ginn, and I'm thrilled to introduce you to an engaging livestream: "How to Wholesale Probates FREE TRAINING!!" If you're as intrigued by wholesaling real estate as I am, get ready for a session that's packed with value.Wholesaling has reshaped my journey, empowering me to discover amazing property deals and turn them into profits. Today, in this live broadcast, we're immersing ourselves in a crucial topic: the art of wholesaling probates.Probate deals hold untapped potential in wholesaling, and I'm here to share the blueprint. Throughout this livestream, I'll guide you through a comprehensive breakdown, from pinpointing those opportunities to mastering the art of approaching and successfully closing probate deals. And yes, it's all on the house!Remember to show your appreciation by hitting that "like" button, and make sure you're subscribed for a steady dose of expert insights that can elevate your journey. Join me live as we navigate the realm of wholesaling probates together. Let's embark on this journey to success!

All the possible ways to avoid probate. At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon!

#realestate #wholesalerealestate #realestatecoaching #realestateinvesting #probaterealestateIn this week's coaching call, Bill Gross and Probate Mastery students/alumni discuss when your training kicks in, finding your path in real estate, and more!Sign up for the FREE Probate Foundations live training. This is a 2 hour live-taught course focused on the opportunity around Probate. If you're just starting out in the niche, or still exploring your options, you'll learn the basics of building a Unique Selling Proposition, Marketing, and Team Building. REGISTER HERE: https://courses.probatemastery.com/probate-foundations-registration-form

In this episode, we dive into the burning question: Is there room for part-time agents to shine? Whether you're new, transitioning from full-time, or just curious, I've got strategies and tips that'll make you a part-time powerhouse. Plus, we'll break down the good, the bad, and the valuable. Got an opinion? I'm all ears!

Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00:00 Introductions00:08:35 Strategies and Emotional Aspects of Probate Deals00:17:09  Building Relationships and Rapport00:25:43  Scripting, Objection Handling, and Communication00:34:17 Scaling in Real Estate and Personal Touch in Transactions00:42:51 Innovative Techniques in Real Estate Negotiations 00:51:25 Direct Marketing and Seeking Probate Expertise Interested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind attorneys Support the show

How probate attorneys get paid. At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon!

There are a lot of misconceptions about probate investing that hold real estate investors back from adding this very lucrative niche to their existing businesses. Today, I will address those with my "7 Truths About Probate Investing" post.   Let me ask you this: Would you be interested in adding a half dozen (or more) deals to your business in the next twelve months? Is there anyone that would say no?   Listen into this short episode, and let's bust some of those myths that might be holding you back from working with probates.    [00:00 - 09:35] The Secrets of Probate Investing Investors often think the probate process is complicated when in reality, it's pretty straightforward You don't need to know a lot of legal stuff There is a never-ending source of leads that will fuel your business for years to come Investors help folks, not take advantage of them The goal is to create a win-win situation for everyone involved When it comes to the sale of the property in the estate, you need to understand that they have to sell the property It won't take too long to become a probate investing expert    [09:36 - 12:23] Become an Expert in a Few Weeks Check out the links below Final words     Quotes:   "The truth of the matter is it's pretty easy. If you put in a few weeks and you're dedicated to the process, and you understand the mindset around this whole process, you can become an expert in probes in a matter of a few weeks." - Sharon Vornholt   "The goal with probates is no different than the goal for any other deal. You are looking to create a win-win for everyone." - Sharon Vornholt     Resources mentioned: Probate Investing Simplified Course Freebie: Probate Investing Starter Kit  How the Silver Tsunami Creates Massive Opportunity for Real Estate Investors  Louisville Gal's Real Estate Blog      WANT TO LEARN MORE?   Connect with me through my website, Instagram, and LinkedIn.   Or you can send me an email at sharon@sharonvornholt.com.   Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.   Learn more about this podcast on iTunes or Stitcher. If you liked my show, please LEAVE AN HONEST REVIEW, like, and subscribe!      

#realestate #wholesalerealestate #realestatecoaching #realestateinvesting #probaterealestateIn this week's coaching call, Bill Gross and Probate Mastery students/alumni discuss embracing improvement in a challenging market, the condition of the market and how it influences probate, and more!Sign up for the FREE Probate Foundations live training. This is a 2 hour live-taught course focused on the opportunity around Probate. If you're just starting out in the niche, or still exploring your options, you'll learn the basics of building a Unique Selling Proposition, Marketing, and Team Building. REGISTER HERE: https://courses.probatemastery.com/probate-foundations-registration-form

Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00:00 Introductions00:02:15 The Landscape of Probate Leads00:07:10  Operational Synergies 00:14:00  Real Estate Experiences00:19:07 Interventions in Foreclosure00:28:30 The Judicial Angle00:38:55 Value, Valuation, and Negotiations00:45:00 Prospecting, Evolution, and Future TrendsInterested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind attorneys Support the show

This happens when the buyer agrees to a higher contract price, but the seller also agrees to credit back a set amount to the buyer, so the net purchase price is lower. For example, if the buyer wants the house for $250,000, they would set the contract price at $300,000 with a side agreement that the seller would credit $50,000 on the closing statement, effectively making the price $250,000. Why not just a price reduction? Co-ops (and sometimes condos and homeowners' associations) want the closing price to be (artificially) higher to maintain their average price per square foot. They don't want records to show that a unit sold for significantly less than other units, because, in theory, it will eventually drag down the value of the building. Even though a lower price is reasonable for a probate property that needs major renovations, it doesn't benefit the co-op. Sometimes cash buyers and investors want the recorded price to be higher, so they can show flip buyers a slimmer profit margin. For example, an investor pays $250,000, hoping to flip it for $350,000. When the investor goes to sell the property, the buyer can check the public records to see what the investor paid. It will show that the investor is trying to make a $100,000 gain. If the records show that the investor paid closer to $350,000, it won't look like he's making a large profit. What can a seller credit be used for? Non-professional executors and heirs are sometimes worried that the situation seems sketchy. They wonder if they are really allowed to give a seller's credit. No worries; it is legitimate and fairly common. In non-probate situations, it is most often used as an incentive to the buyer to cover some repairs or pay for closing costs. Sometimes repairs need to be done for the property to be sellable. It's a way of putting the repairs on the buyer instead, when the estate is cash-poor or the executor just doesn't have time. Usually cash buyers only A seller's credit is mostly used for cash buyers for a few reasons. There are often small credits for something like a broken stove. But sometimes there are legal issues with the property or major renovations are needed. If the credit is a large amount, greater than 10% of sale price, it makes the closing figures look non-traditional. Banks don't handle that situation well, so a seller's credit is usually not a good option for a buyer who needs to take out a loan. Selling a probate property has many nuances; it's not the same as a regular house sale. You may have sold your home once or twice and figure that selling probate real estate is easy. The reality is that probate real estate can be very different. To learn more about what to expect during probate, check out my book, “How Probate Works, “ available on Amazon. Request your free consultation  

Brandon Borgmann is a valuable member of the Carlisle Patchen and Murphy law firm. Brandon is an expert in estate and business succession planning, probate special needs law, and tax. He provides legal counsel to individuals, business owners, and families, helping them with estate planning, tax planning, and business succession planning. He shares insights on the importance of estate planning, discussing when people should hire him and the various life events that can trigger the need for an estate plan. From having children and getting married to inheriting assets or moving to a new state, these events can all impact one's estate plan. Brandon emphasizes that estate planning is not just about money, but also about ensuring the well-being of minor children and making decisions about their future. He highlights the importance of tailoring estate planning services to individual clients, considering their unique circumstances and preferences. Some areas we cover include...- Discussion on why everyone needs an estate plan and when the need arises (age 18 and life events such as having a child, getting married, getting divorced, etc.)- Importance of powers of attorney for parents of children turning 18, allowing access to medical records and financial management- Range of clients and their financial situations, from young married couples with negative net worth to those with millions of dollars- Importance of planning for the care of children and management of inherited assets after the death of both parents- Tailoring estate planning services to each client's specific situation and preferences- The inclusion of documents such as powers of attorney and the avoidance of guardianship in case of incapacitation- The emotional nature of estate planning but the importance of making choices oneself rather than leaving them to strangers- The goal of estate planning is to achieve the client's intent and maintain control over decision-makingTo run a successful business, you need resources, valuable connections and community recognition. Business Inspires will provide you with the tools, resources, and examples to inspire you to create the business you are envisioning.With more than 60 years as an integral part of the Grandview, Upper Arlington and Marble Cliff communities, the Tri-Village Chamber Partnership is dedicated to a singular purpose - the success of the business community.Thank you for downloading, listening and following Business Inspires, a Tri-Village Chamber Partnership podcast.This season is presented by: City of Upper Arlington.To schedule a guest appearance, or find out more about sponsoring Business Inspires, send an email to: Katie Ellis, President/CEO, Tri-Village Chamber Partnershipkatie@chamberpartnership.orgFollow the podcast on Apple Podcasts, Google Podcasts, or your favorite podcast player.HELP US SPREAD THE WORD!We'd love it if you could please share this podcast with your social media friends! If you liked this episode, please leave us a rating and a review in iTunes. Here's how. Discover more podcasts like this at Circle270Media Podcast Consultants.Copyright 2023 Tri-Village Chamber Partnership Mentioned in this episode:City of Upper ArlingtonWhere superior services and citizens come

Are irrevocable trusts truly irrevocable?  One way to change the terms of an irrevocable trust is by decanting.  In this episode, our guest Michael Rosen-Prinz will be discussing the particulars of California's decanting statute. About Our Guest:Michael Rosen-Prinz is a partner at the Los Angeles office of Loeb & Loeb LLP.  Michael maintains a broad trusts and estate practice, including wealth transfer planning, planning for family governance and business succession, cryptocurrency and QSBS planning, and estate, gift and generation-skipping transfer tax matters.  Michael also has deep experience forming and operating single family offices and private trust companies; advising on governance, succession, tax, regulatory and operational issues. In addition, Michael devotes a substantial portion of his practice to cross-border planning for domestic and international families. In this area, he advises clients on foreign trusts, pre-immigration planning and expatriation, as well as inbound and outbound investments and compliance matters related to structuring investment vehicles in the U.S. and internationally.Michael is also a member of the Trust and Estates Section of the California Lawyers Association.  Michael can be reached at: mrosenprinz@loeb.comAbout Our Host: Host Anna Soliman is Trust Counsel and Managing Director for Fiduciary Trust International of California out of the Los Angeles Office. Prior to joining Fiduciary Trust International, Anna was an estate tax attorney for the Internal Revenue Service and also worked in private practice, specializing in estate planning and trust administration for ultrahigh net worth individuals.  She is also a member of the Trust and Estates Section of the California Lawyers Association and is involved with the Fiduciary Income Tax Section of the American Bar Association. Thank you for listening to Trust Me!Trust Me is Produced by Foley Marra StudiosEdited by Todd Gajdusek

Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00:00 Introductions00:11:15 Importance of Probate Credibility Websites00:13:24  Linking Real Estate and Probate Sites00:39:44  Pre-Probate Leads Pros and Cons00:47:07 Partnership with Probate Cash00:53:02 Investor vs. Realtor ApproachesInterested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind attorneys Support the show

3 things I hate about Community Property Agreements. At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon!

POSSESSION SCHEDULES & SCHOOL - In today's episode, Bryan, Sam and Nida discuss navigating possession schedules now that school is back in session, including extracurricular activities, getting a jump on non-standard breaks like Fall Break, and extraordinary circumstances where involuntary scheduled events conflict with non-custodial parents' time with the children, as well as what to do when a child wants custody modified and the potentially time-intensive nature of such modifications.  They also discuss the latest on high-profile divorce and custody battles involving Brittney Spears, Kevin Kostner, and Bennifer. If you have any questions regarding today's episode, please contact Bryan, Sam or Nida at babercrombie@aswlawoffice.com, ssanchez@aswlawoffice.com or nwood@aswlawoffice.com. Bryan L. Abercrombie is a Board Certified family law attorney with extensive experience in domestic relations matters including trial, jury trial, appellate and collaborative law. He has been licensed to practice law for over 18 years and had handled a variety of legal matters during that time. This includes Family, Civil, Probate and other cases. He has experience is all aspects of domestic relations matters including trial, jury trial, mediation, appellate and collaborative cases. Samuel M. Sanchez is a Board Certified family law attorney and certified mediator who is licensed to practice in Texas and Florida. He was appointed by former Gov. Perry to the Board of Regents for Midwestern University. He has worked in Civil, Criminal, Estate Planning, and Juvenile Law and has an extensive background in high profile, press intensive litigation. Nida C. Wood has been licensed to practice law for over 11 years and has handled legal matters related to family law, civil law, business law, and criminal law. For the past several years, Nida worked for the largest domestic litigation firm in the country and handled all types of domestic litigation matters, including but not limited to custody cases, modifications, enforcements, child support cases, mediations, collaborative law, appeals, post-divorce maintenance cases, and property cases including multi-million dollar estates. Visit us at https://aswlawoffice.com  Intro and Outro Music: Mouth (Sam's Song), courtesy of Crush Bouquet (used with permission from band) Listen/Buy: https://ztapes.bandcamp.com/track/mouth-sams-dream

#realestate #wholesalerealestate #realestatecoaching #realestateinvesting #probaterealestateIn this week's coaching call, Bill Gross and Probate Mastery students/alumni discuss building your business, legal rights in probate, the notice of default, and more!Sign up for the FREE Probate Foundations live training. This is a 2 hour live-taught course focused on the opportunity around Probate. If you're just starting out in the niche, or still exploring your options, you'll learn the basics of building a Unique Selling Proposition, Marketing, and Team Building. REGISTER HERE: https://courses.probatemastery.com/probate-foundations-registration-form

Marc Zimmerman is an expert in all things probate. He is the co-founder of The Zimmerman Firm, a welcoming and informative resource for people seeking guidance on this important aspect of the law. He is committed to simplifying the often mystifying world of probate and estate planning and believes in taking a proactive approach to asset management; this has ensured smoother transitions for numerous families during times of loss. Marc joins Stacy Francis on this episode of Financial Ever After Widowhood to demystify the complexities of probate and highlights its significance, especially when assets are involved without a designated beneficiary. Probate, a legal process where assets are frozen until the executor appointed in a will seeks the Surrogate's Court's approval, has seen considerable delays due to the pandemic. These delays can span from six months to over a year and can become more prolonged if any litigation is involved.  A revocable trust empowers individuals with control over their assets and ensures hassle-free access for the successor trustee upon their demise. Transferring assets into this trust is straightforward; while real estate uses deed assignments, tangible personal property, such as artwork, calls for individual assignment documents. Assets in a revocable trust might not invite immediate taxes, yet they remain within the taxable estate. Conversely, assets within an irrevocable trust are viewed as finalized gifts and face different taxation criteria.  Acting on your estate planning requirements can be a gesture of care and responsibility towards your loved ones, ensuring they're spared unnecessary legal complications during an already emotionally taxing period. Resources Marc Zimmerman on the web LinkedIn | Email | (212) 519-5114 The Zimmerman Firm 600 Third Avenue, 35th Floor New York, New York 10016 Stacy Francis on LinkedIn | Twitter Email: stacy@francisfinancial.com FrancisFinancial.com Reach out to receive a complimentary consultation! Contact Francis Financial at +212-374-9008 or visit Francis Financial today!

#realestate #wholesalerealestate #realestatecoaching #realestateinvesting #probaterealestateIn this week's coaching call, Bill Gross and Probate Mastery students/alumni discuss thinking of yourself as a business, getting cut out of the process after referring your clients to the vendor, and more! Sign up for the FREE Probate Foundations live training. This is a 2 hour live-taught course focused on the opportunity around Probate. If you're just starting out in the niche, or still exploring your options, you'll learn the basics of building a Unique Selling Proposition, Marketing, and Team Building. REGISTER HERE

Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00:00 Introductions00:04:50 Building Relationships with Attorneys00:13:01  Strategizing Attorney Outreach00:15:35  Keys to Effective Attorney Partnerships00:28:05 Training and Development in Probate Real Estate00:40:49 Maximizing Real Estate Opportunities in ProbateInterested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind attorneys Support the show

Folks who are interested in naming me as their professional executor ask how much it costs to get started. There is no cost! We'll explain why, what you get, and what to expect. It's just a nomination At this point, you are healthy and just being responsible by making your estate plan. When you name me as trustee in your trust or as executor in your will, it's just a nomination; I haven't done any work yet. Besides, you can always change your will and I may never become your executor or trustee, depending how you make your plan. Not your estate planning lawyer To be clear, I'm not your estate planning lawyer. I've done estate plans before, and I am very familiar with what needs to be done. Nowadays, I've narrowed down my expertise and I am focused on being the best possible executor or trustee after folks have passed. Some people ask if I can draft their wills or trusts anyway, and the answer is unfortunately no. I no longer have the software, fancy paper, etc. to do wills. Consider it a good thing that I don't split my time between preparing wills and acting as a professional executor. It means that I am dedicated to providing the best service as your executor. Also, as an experienced executor, I know how things will happen at the end. When reading a will, I can foresee what issues will arise because of the way it is written. When you nominate me as your executor, I am happy to take a look at your will as a second set of eyes. Again, this review would be non-legal advice, because I am not your estate planning attorney. But, I will be the one to carry out your wishes. When reviewing your estate plan, I look for any red flags that may make my job harder as your executor. As a side note, we don't usually find many red flags, because many people work with competent estate planning attorneys. Complimentary check-ins As we've discussed before, we offer complimentary annual check-ins. We do this to make sure I'm alive and you're alive! It's also useful to get to know each other over the years. You want an executor who is familiar with you and your wishes, based on more than just one meeting or phone call. As we talk, I might discover that you've grown distant from certain relatives or perhaps you made a new best friend later in life. These things could be useful when carrying out your will or even defending your estate plan. Since I am not doing any work for your estate yet, we keep the calls brief. Sometimes it's just an email. But it's a good reminder for you to think about your plan at least once a year. This is a common question that we get, but if you have any other questions, please feel free to leave them in the comments. To learn more about what I do as a professional executor, check out my book, “How to Hire a Professional Executor,” available on Amazon. Request your free consultation    

What to do if the Executor dies before probate is over? At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon!

Our Estate Administration Coordinator, Marie Chin, interviews Amber B. Woodland about the probate process. As often as our team talks about probate, we sometimes take for granted that everyone knows what that term means. Listen in as Amber defines probate, describes the process, and reminders our listeners of how to use their estate plan to avoid it.

What does a Power of Attorney do? At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon!

Are you curious about the probate process in California?Welcome back! Today I am joined by, real estate attorney, Jennifer Felten, as she shares invaluable insights and expert tips on navigating the complex world of probate.We go over the probate process in California from start to finish and she shares her expert tips as a real estate attorney!Learn the questions you need to ask about probate before meeting an attorney and the probate process. Discover how to avoid probate through the use of trusts and living trusts, which can provide a smoother and more efficient transfer of assets.We discuss the significance of estate planning and how it ties into the probate process, helping you plan ahead for the future.Jennifer shares so much valuable information on probates and even ways to avoid probate and a general timeline for the process. We run through scenarios where certain probate laws would apply giving you everything you need to know about probate in California!With a comprehensive overview of probate, we address common questions like 'Do I need probate in California?' Explore the ins and outs of probate administration, letters of administration, and the California probate law.Whether you're a real estate enthusiast, a potential beneficiary, or simply seeking a deeper understanding of the probate process, this episode offers valuable knowledge to help you make informed decisions.

Need Help? Contact us at: 718-968-5538, info@queenshometeam.com, or https://www.queenshometeam.com/help      Our Listings:      https://search.queenshometeam.com/idx/featured        Sign up to Receive our NYC Homeowner Newsletter:    https://www.queenshometeam.com/nychomeownerconnect     Sign up to Receive our NYC Homebuyer Newsletter:    https://www.queenshometeam.com/nychomebuyerconnect     Free Home Valuation:          http://www.queenshometeam.com/freehomevaluation               Connect with us online:    http://www.instagram.com/queenshometeam    http://www.facebook.com/queenshometeam                         Subscribe to our Podcast:           https://podcasters.spotify.com/pod/show/queenshometeam            Read our Latest Market Report:          https://www.queenshometeam.com/queens-real-estate-market-report-2023  --- Send in a voice message: https://podcasters.spotify.com/pod/show/queenshometeam/message

When it comes to finding purpose and building wealth, few things matter more than estate planning. While putting it off to tomorrow might seem fine in theory, it could eventually lead to the government making big decisions that could affect your legacy. That's why I'm thrilled to introduce you to Allison Kierman. Allison has been an estate planning attorney for nearly 20 years, and she has extensive experience helping people understand their goals and the best way to transfer their wealth and legacy. In this episode, you'll learn all about the common mistakes people make when it comes to estate planning, why a simple written will is almost never enough, and how to build a trust to protect yourself and your assets across generations. In this podcast interview, you'll learn:  ·         Why thinking you're invincible and refusing to face the facts is an easy way to set yourself up for disaster later in life. ·         What happens when a family member leaves nothing but a signed piece of paper deeding out their possessions to their heirs–and why this almost always leads to probate court. ·         The differences between wills and trusts–and why almost every DIYer misses something. ·         The importance of having a good team of advisors, when and where attorneys should get involved. ·         The common misconceptions around protecting inheritance for adult children–and major tax exemptions you can take advantage of along the way.  

Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00:00 Introductions00:03:08 Building a Team and Self-Management00:09:32 Hiring Professionals for Estate Handling00:15:30 Collaborating with Probate Attorneys00:21:47 Personalized Marketing00:32:35 Optimizing Online Presence and Web Traffic00:47:55 Providing Value Before Seeking Payment00:58:58 Engaging Clients and Growing the Email ListInterested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind attorneys Support the show

#realestate #wholesalerealestate #realestatecoaching #realestateinvesting #probaterealestateIn this week's coaching call, Bill Gross and Probate Mastery students/alumni discuss probate education opportunities, how to collect probate court data, how to find out where to attend probate sessions and more!Sign up for the FREE Probate Foundations live training. This is a 2 hour live-taught course focused on the opportunity around Probate. If you're just starting out in the niche, or still exploring your options, you'll learn the basics of building a Unique Selling Proposition, Marketing and Team Building. REGISTER HERE

Brandon Erickson from O'Keefe O'Brien Alyson Attorneys in Fargo, ND joins IT2 to explain probate, See omnystudio.com/listener for privacy information.

Hosted by Gina Zapanta, CEO at Z.A. Lawyers, Empower Hour is a talk show about empowerment, self-development, personal growth, relationships, and more. Here's this week's episode with attorney Jenn Nakamura!

Most attorneys are able to identify clients who clearly have mental capacity to make decisions and those who clearly lack such capacity.  But what about the clients in the middle part of the spectrum?In this episode, geropsychologist Bonnie Olsen provides practical guidance on dealing with clients who may have mental function deficits.  She explains how capacity is situational, what attorneys can do to optimize client decision-making ability, and how to get beyond the label of a diagnosis.  Dr. Olsen's article entitled “What Attorneys Need to Know About a Client's Cognitive Capacity” will appear in Volume 29, Issue 2, of California Trusts and Estates Quarterly, which is available to all members of the Trusts and Estates Section of the California Lawyers Association.About the Guest:Dr. Bonnie Olsen is clinical psychologist who often works with elderly patients.  She is a Professor of Clinical Family Medicine at the Keck School of Medicine at the University of Southern California.  In 2020-2021, she led a project funded by the U.S. Department of Justice to develop and test an evidence-informed tool for judges to adjudicate guardianship/conservatorship petitions.  In addition, she has a consulting practice in which she evaluates a person's mental capacity to make estate planning changes, either before or after they are made.About the Host:When this episode was recorded (August 3, 2023), Jeffrey Galvin was an attorney with Downey Brand LLP in Sacramento, where he litigated trust and estate disputes involving mental capacity and undue influence issues, and was a member of the Executive Committee of the Trusts and Estates Section of the California Lawyers Association.  Thank you for listening to Trust Me!Trust Me is Produced by Foley Marra StudiosEdited by Todd Gajdusek

Sharon Vornholt began investing in 1998 and was originally a rehabber and a buy-and-hold landlord. However, when the market crashed in 2008 she became an “accidental wholesaler.” Sharon loves helping real estate investors build a profitable business by specializing in off-market deals. Sharon's expertise is in probate investing.

Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00:00 Introductions00:02:11 Bruce's Transition to Probate Mastery00:19:33 Understanding Real Estate Game Rules 00:30:22 Importance of Direct Letters and Website00:43:56 Securing Appointments and Overcoming Resistance00:49:55 Combining Various Marketing ApproachesInterested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind attorneys Support the show

Probate Notice Rules i.e. 'Who you have to tell about probate'. If you have questions about this or anything else related to probate, and you want to talk with us, over the phone, for free, just go to https://cmslawfirm.com and set up a time to chat. #estateplanningattorney #probatelawyer #family #money #medicaid #estatetaxes #wealth #kids #taxes #realestate

Physician-Assisted Dying has other names that might be familiar: death with dignity, aid in dying, assisted death, euthanasia, and assisted suicide Since we've received many inquiries from our Solo Agers, here some of your FAQs: Making arrangements from Switzerland Can my professional executor help make arrangements from Switzerland after I pass? Switzerland is often the go-to jurisdiction, but there may be others in the U.S. The medical facilities need to know who to notify upon death, and we have filled the role as the entity to be notified. You also need to make arrangements to send final personal effects (phone, wallet) after your passing. Again, we have been in that role before, and we have coordinated the receipt of the personal belongings. Live your last days to the fullest If you are scheduling a physician-assisted death, you have to weigh the balance between preparing and living your life to the fullest. We get calls from Solo Agers who are very focused on preparing and tying up any loose ends (cleaning out and selling their home). Our advice is to go ahead and take care of the low-stress items but leave the rest to us. It is our job to figure things out upon your passing, and it's very unlikely that you will think of everything that needs to be done anyway. There is a limit to how much you will be able to help us, no matter how hard you try. Most folks have not gone through probate enough to know what needs to be done, so it's better to let us handle it. Most people pass away unexpectedly and most things are generally unorganized anyway. Instead, do your best to enjoy your remaining time and complete that bucket list! To disclose or not to disclose Do I need to tell my executor that I plan to have a physician-assisted death? It's totally up to you; we've dealt with both. Telling us helps us be ready on the scheduled date. But if you prefer your privacy, it's no problem; we've done that too. Most deaths are unexpected, so we are used to it. Perhaps your loved ones don't know that your death was planned. As professional executors, we know how to handle the situation tactfully. Click the link below to check out my book, “The Solo Ager Estate Plan.” This topic is not covered specifically in my book, but it will help you learn more about probate in general. Complete this form to receive your complimentary copy of Anthony's Amazon best-seller, “The Solo Ager Estate Plan”  

#realestate #wholesalerealestate #realestatecoaching #realestateinvesting #probaterealestate In this week's coaching call, Chad Corbett announces his retirement from probate real estate education. New owner, Bruce Hill (previously from All The Leads), is taking Probate education to the next level by incorporating additional courses and live trainings to take what you've learned through the Probate Mastery on-demand certification course into actionable practice. Bill Gross, Chad Corbett, Bruce Hill, and probate mastery students/alumni also discuss various probate real estate topics such as the best CRM to use in probate, structuring client offers with creative sales psychology, investor business structuring, and more. Don't miss Chad's final advice at the end of this call!Sign up for the FREE Probate Foundations live training. This is a 2 hour live-taught course focused on the opportunity around Probate. If you're just starting out in the niche, or still exploring your options, you'll learn the basics of building a Unique Selling Proposition, Marketing and Team Building. REGISTER HERE

The advantages of avoiding probate are that the land is not tied up for too long and can go quickly to where you want it to go after your passing. Furthermore, avoiding probate In Illinois means that your estate will likely not be paying high probate fees for things like assessments and probate attorney costs and fees. Read on to learn more about how to have your real estate avoid probate. Read the full article here: www.oflaherty-law.com/learn-about-law/when-real-estate-avoids-probate-in-illinois O'Flaherty Law now serves over 105 counties across Illinois, Iowa, and Indiana. If you have any questions regarding a case or would like to speak to one of our attorneys after watching a #LearnAboutLaw video, give us a call at (630) 324-6666 or send us an email at info@oflaherty-law.com to get in contact with someone from our team. Subscribe to our channel for daily videos dedicated to all things law and leave a comment with any questions about this topic. Find us online for more legal content and to stay connected with our team - Website: https://www.oflaherty-law.com/ - LinkedIn: https://www.linkedin.com/company/oflahertylaw - Instagram: https://www.instagram.com/oflahertylaw - Facebook: https://www.facebook.com/oflahertylawGroup/ **None of the content in this series is intended as paid legal advice.

#realestate #wholesalerealestate #realestatecoaching #realestateinvesting #probaterealestate In this week's coaching call, Bill Gross and Probate Mastery students/alumni discuss attendees' probate success statistics, marketing tactics, building B2B referrals through past client relationships, and reverse mortgage keywords.Take the FREE Lifestyle & Career Design course for real estate professionals: https://probatemastery.com

Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00:00 Introductions00:04:20 Importance of a Unique Selling Proposition (USP) in Probate Real Estate00:33:22 Handling Large Bills in Probate Cases00:38:18 Peer Advice on Probate IssuesInterested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind attorneys Support the show

Should you look for a broker or lawyer first when selling a probate property? With non-probate home sales, brokers are the first to list, set an open house, and find a great buyer. Lawyers only get involved once a buyer is in place and a deal is struck. The lawyer then drafts the contract and conducts the closing. But with probate, talking to a lawyer first makes more sense. Here's why: Talk to a probate lawyer first when selling a home It's important to talk with a probate lawyer, because you need to know who has the authority to sell the home. The lawyer can also tell you whether the estate needs to be probated. Not every estate needs probate: maybe the house is titled a certain way or it is held in a trust. Or, maybe you live in an area where the title company accepts “heirs at law” affidavits. These situations are best analyzed by a probate attorney. How long will it take to get started? How much will it cost? The answers to these questions will determine what type of broker you will work with. A probate attorney will walk you through the estate debts, taxes, etc. You may not want to go through the hassle of selling the probate property if there is only a small fraction of the estate left over after debts and taxes. There are some pre-steps that a probate lawyer (or a good broker) can help with: Hiring a title company to confirm who owns the property and check for major judgements or liens. Talking to co-op management and HOAs to see if there are any red flags. When to speak with a broker first to sell probate property Brokers are good at figuring out how much you can reasonably expect to sell the house for. Is there enough value to deal with the mess? A downside of talking to a broker first is that too often, they are eager to get a new deal but they don't understand the estate situation. The broker may not realize that the person they are speaking with does not have the legal authority to hire them. At that point, you've wasted your time and the broker's time if you do not have the legal authority to sign a listing agreement, etc. Sometimes selling probate property does not require a broker. You can avoid the broker's commission if you sell the home to an heir, a neighbor, or a cash investor. A probate lawyer can advise on this, so it will probably save money to meet with a lawyer first. We see this happen a lot, so we want to share our tips with anyone who is looking to sell probate property. Meet with a probate lawyer first so that you can get proper guidance. To learn more about probate, check out my book, “How Probate Works,” available on Amazon. Request your free consultation  

Do you want to learn more about Corporate Transparency Act and how it can benefit your business? In this episode of the Small Business Tax Savings Podcast, Mike welcomes John R. Strohmeyer. John is an attorney providing legal services covering Estate Planning & Probate, Tax: Business and International, and Business / Corporate. After working for law firms for nearly nine years, I started Strohmeyer Law so that I could bring what I learned about client service from the Four Seasons to the legal industry. John covers what information needs to be reported such as legal names, dates of birth, residential addresses, identifying documents, and photocopies of those documents.Tune in now and hear John explains potential penalties for not filing and remind people to get this done ahead of time![00:23] Corporate Transparency Act ExplainedMike welcomes John R. Strohmeyer to the show!Today's topic is, “Cracking the Code: Corporate Transparency Act Explained for Small Business Owners”       John is an attorney providing legal services covering Estate Planning & Probate[04:14] What Is The Purpose Of The Corporate Transparency ActWhat is the purpose of the Corporate Transparency Act?The government requires information on beneficial owners, senior officers, and people with substantial influence on entitiesTrusts and general partnerships are exempt from filingWhat are the exemptions for entities?[13:16] Understanding How The Corporate Transparency Act Can Help Your BusinessPenalties for willful failures are 500 per day and potential criminal penaltiesHonest mistakes may be exempt from penaltiesWhen will the Corporate Transparency Act take effect?Changes in beneficial owners must be reported within 30 days[24:33] Closing SegmentJohn shares where listeners could learn more about the Corporate Transparency Act!Final WordsKey Quotes“When a new client comes in and says, “Hey, I want an LLC.” Great. Until we have all of your information and it's ready to file. Once you've got it, we'll be able to nail all of your other Corporate Transparency Act requirements so you don't have to think about it. And until those beneficial owners change or some of their information changes, there's nothing else to file.” – John R. Strohmeyer______Connect with John through his:Website: Strohmeyer LawLinkedIn: @johnthelawyerFacebook: John StrohmeyerTwitter: @johnthelawyer______Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

In this episode, we delve into the fascinating world of  innovative strategies employed by Mattel and Barbie to create a revolutionary niche in the toy industry, and how her iconic brand transcends time, resonating with generations worldwide. The pinkest movie of the summer is here so I thought lets have a little fun with it! Discover the valuable lessons entrepreneurs can glean from Barbie's enterprising spirit, and how her journey mirrors the principles of building a successful real estate portfolio. Get ready to be inspired by the timeless allure of Barbie's brand and its relevance in both the entrepreneurial world and the dynamic real estate landscape.“Beating The Competition "How Real Estate Niches & Video Can Give You An Edge” Guide" - 50+ Niches and Beat the Competition With Niches Webinar Join us for our next events - Click here to get on the email reminder list!Join Our Private Real Estate Reinvention FacebookFree Riches In Real Estate Niches WebinarCrush the Competition - 100+ Social Media Posts for Your Real Estate Niches1:1 Niches Coaching SessionProbate Real Estate Boot Camp TrainingAbout Michele Bellisari ⬇️ Michele Bellisari - Real Broker, LLC - Boca Raton | South Florida

How much does a professional executor cost? Most people are surprised to learn that executor fees are the same whether you choose an experienced professional or your unemployed nephew who has lots of spare time. When people realize that they are paying the same cost, they will probably choose a professional executor. In fact, your estate will probably even save on expenses with a professional vs.an amateur. Executor fees set by state law Executor fees are almost always set by state law, whether it is a percentage of the estate or a reasonable fee. The percentage often works out to 2-3% of the estate's value, which is less than half of a broker's commission in most states. Some states use the “reasonable fee” standard, and the court accepts a customary percentage as “reasonable.” Sometimes the reasonable fee is an hourly rate that the court deems acceptable. If you have an amateur executor, the hourly rate can get pretty expensive. If the executor doesn't know much about probate, it will take him longer to accomplish tasks than a professional executor. Sometimes amateur family/friend executors attract more drama. The heirs are more likely to contest the fees, and the executor may not get paid at all. Professional executor save time and expenses As with anything else, a person who has done something hundreds of times is probably better at it than someone who has never tried. A professional executor is experienced, efficient, and has the right contacts. A professional executor knows the person to speak with at the bank rather than talking to 17 different banks. He knows which court clerk is the surly one and which one will push your paperwork through. He also knows which vendors have the best value for the cost (cleaning crews, painters, contractors, accountants, etc.). A professional executor also knows which services are not necessary. For example, staging an apartment for sale is expensive, but usually not necessary. We've seen staging bills as high as $20,000! As an heir, I'd be upset that my inheritance went to pay for something like that. Some contractors pitch pretty extensive renovations, like a marble countertop. Because it's not their money or their house, some executors go into HGTV-mode.  There is no need to knock out the walls; we just need to clean the home and make it look like it hasn't been lived in for 40 years. There are circumstances where it's beneficial to stage and renovate a home, but not for estates. The longer a probate property sits around, the more it will cost the estate. How much do banks charge to be executors? Banks are the exception; they will sometimes ask for special language in the will or trust opting out of state law and getting higher fees with higher minimums. A large entity, like a bank, doesn't want to be bothered with small estates and small fees. On top of that, most banks won't agree to be your executor unless you have a decent amount of liquid money invested in their bank. We made a recent call to a bank who refused to act as executor for a $2.5 million estate. Even if you have enough money to qualify, you still need to wait for their risk analysts and committees to accept. It is a long process…IF they even accept. you. As you can see, it's more cost-efficient to hire a professional executor than to choose your unemployed nephew. So if you don't want to burden a relative or friend with the task, please check out my book, “How to Hire a Professional Executor,” available on Amazon. Request your free consultation    

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 What would happen if you listed and sold 12 more homes this year? The average closing price currently in the United States is $380,000. Let's use $400,000 to keep the math easy. On average, that would gross the listing agent $12,000. Let's say the net profit to that listing agent is $9,600 on that transaction after fees, etc. $9,600 x 12 = $115,200. IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com/ ASSUMPTIONS before we get to the action plan: A)   You will have to actively contact both people you already know as well as those you don't know. People you know are past clients, people in your sphere of influence, and agent referrals. People you don't know are everyone else. Are you willing to speak with both to earn your $230,400? B).  You should analyze where your business came from for the last 6 months, and keep doing what has worked. Consider doing MORE of what worked.   C).  You must be willing to do what you don't want to do when you don't want to do it at the highest level. If you keep doing what you're doing, you'll keep getting what you're getting. To go to the next level financially, you must go to the next level with your skills. D).  You must ask for help when you need it.   TOP Six Ways To List (and Sell) 1.  Expired listings.  Expireds are at the top of the list because of the following: https://www.redx.com/affiliate/tim-and-julie-harris/ Bonus: Don't forget old and older expired listings. You'll have less competition and are more likely to get the seller the price they wanted in the first place. 2.   Your past clients and sphere of influence. Otherwise known as your database, statistically when you have regular and real conversations with your list, 10% of your list will either do business with you or refer business to you every year.   Secret: If you're an EXP agent, set up your KV Core and learn how to use 'Making It Rain' to support your proactive lead generation with your database. 3.   New Build Sales People. These are the salespeople who sit in the builder's model homes and write up all those new construction contracts. Use our New Construction Plan (if you're a Premier Coaching Member) to meet those new build reps and get all of their resale referrals.  4.   For Sale By Owners. When the market is hot like it's been for so long, there are always plenty of Unrepresented Owners who need your help. Most of them give up on the process if it's not sold in the first two weekends.  Get your Expired leads by texting the word 'RED' to 47372. RedX is your source for new and old expired phone numbers! 5.   Open Houses. Refer to our podcast, "How to not just 'sit' and open house, how to monetize them!" Our open house system and scripts are proven to generate a bare minimum of three close-able buyers or sellers every time.  6.   Small and medium-sized builders who are building homes on 'spec'. This means they're speculating that the house will sell. There are many iterations of this, all of which we teach in Premier Coaching, but what is working for our clients lately is to identify buildable lots and take them to the small builder.   BONUS POINT: 7.   Probate. Not many agents prospect probate leads because they don't understand it. Probate is simply the process of selling a home after someone passes away.  Get your Probate leads here: https://www.alltheleads.com/probate?id=18