It is rare that an heir residing elsewhere wishes to hold on to the property, but if that is desired an understanding should be reached with the Deputy Public Administrator as soon as possible. Different heirs may have varying wishes as to securities and jewelry. All sales are governed by the California Probate Code. All probate assets are appraised by a Court appointed appraiser. The law imposes certain restrictions on the sale of assets for less than their appraised value.
All personal property is sold at auction by open bid to the highest bidder.
Securities are sold without notice. All real property is sold only after notice of sale and confirmation by the Court. Real property is sold onsite and sales are confirmed in court. After confirmation, a 60 day escrow is opened. The buyer must close in 60 days.