Legal Question in Wills and Trusts in California

Proceed from sale of probate property
I am sole beneficiary and executor of my widow mothers estate.I am also acting in pro per as personal representative with IAEA powers. The property consists of her house and stocks in which I am in process of selling during the 4 month period that the probate must be open. In addition there are no outstanding creditors since I took care of her finances and she was financially
solvent. My question is: How do I handle the proceeds from the sale of her house and stock during the time the probate is open? Do they have to be put in an interest bearing Estate account or can I re-invest it the way I plan do do after probate is closed and in my name?

Asked on 5/09/05, 9:46 am

Michael Olden Law Offices of Michael A. Olden

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Re: Proceed from sale of probate property

since you are the sole beneficiary who will complain ---

Answered on 5/12/05, 5:45 pm

Donald Field Donald L. Field, Jr., Attorney at Law

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Re: Proceed from sale of probate property

see probate code sections 7000-12252.

http://www.leginfo.ca.gov/cgi-bin/calawquery?codesection=prob&codebody=&hits=20

Answered on 5/09/05, 10:44 am

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