“Probate FAQ’s!”

Many of the questions I get concerning Probate investing are about the same topics so I thought I would answer a couple today that might be in your mind.

Here’s five of the most popular.

1. How do I find the newspaper that carries my counties Probate Notices?.
Since there is no single national resource for locating a paper in your area (providing you have one). Please review pages 27-29 of the manual. As I say, you should be looking for a “Legal and Construction Notice” paper. If you cannot locate this paper, call a couple of Probate attorney’s offices and inquire of the staff to see if they might be able to help you. You might tell them someone in your family has recently passed away and you are attempting to conduct probate on your own.
Also, more and more counties are now publishing their Probate records on line and this will become bigger everyday. Check with your county to see if they are now making their records available on line.
2. I can’t find the PR’s address…should I mail to the attorney?
I have not had much luck dealing with attorneys when they are representing the estate. My suggestion is to mail to the PR at the deceased’s address. Most often, the PR is receiving the deceased’s mail so ultimately your letter should end up in the PR’s hands.
3. I live in California and the process seems to be different. Do you have any suggestions?
The major difference that exists in CA has to do with a person dying with or without a will. If a person dies without a will, the court will appoint a Probate Inheritance Referee. If there is a will, no Referee is appointed. If a Referee is appointed, the overbidding process is used. I have placed two resources for you at the bottom of my site under the “Articles” link. One is the CA Probate Code (Free) which contains Sections 10303 and 10305 that deals with the overbidding process and the other is to link for a book that can be valuable to you, “How to Probate an Estate in California”. If I were going to be a Probate investor in CA, I would have both of these. Let me also state the two most successful Probate investors I know of live in CA so that tells me once you learn their system, it can be very profitable.
4. Can you help me find the PR’s phone number?
Since 9/11, PR’s phone numbers have been harder to get. I don’t know of any special method of locating these numbers other than directories both online and offline.
5. Do I need to have professionally printed stationary and envelopes? How about hand addressing?
No you do not. I use nice plain paper and an inkjet printer for envelopes both for the return address and the mailing address.

Another popular topic is start up money.
If I were starting from scratch today and developing my budget to begin my Probate investing, here’s what I would need.
1. Training materials $297, Ron Mead’s “Seminar-in-a-Box”

http://BuyProbateProperty.com

2. Office supplies, (one ream of paper, one box of envelopes, 100 stamps) $60.
3. Subscription to local business newspaper, $30 (not necessary but helpful)
4. Access to $500-$1000 for first earnest money deposit.
That’s it! That’s all you need to get up and rollin’.
In addition, if you were to devote one day to studying my materials, you could be working the next day.
Can’t get much simpler can it?
That’s it for today….tomorrow I will cover some more FAQ’s.
Enjoy your week!

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