Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
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Showing posts with label trust. Show all posts
Showing posts with label trust. Show all posts

Friday, December 6, 2024

Taking a Listing in Probate and Trust webinar by Paul Horn Attorney, notes by Mary Cummins Real Estate Appraiser


I attended a webinar given by California probate estate attorney Paul Horn. It was very informative and entertaining. Paul Horn Esq definitely knows wills, trusts, probate and real estate. He gave some great advice which I've actually heard from other estate attorneys.

It's important to order a date of death historical appraisal to determine market value at time of death. Paul Horn stated it's well worth the $500 cost. One person asked if they must sell the property for the appraisal value. He said "of course not." Sell it for what you believe is the highest current market value. 

In order to sell a home in probate you will need three main things i.e., Order for Probate, Letters, Notice of Proposed Action. These are all legal forms which can be found at lacourt.org He posted samples but they had names so I won't repost them. A real estate agent would get these items from the attorney handling the probate, estate. The real estate agent does not fill them out. The attorney does.


This is the California Probate Process.


The best thing is to avoid probate altogether. It will save you time, money and headaches. Get a will and a trust. Put the property in the trust. Make sure not to put the name of your heirs on the deed. Put the name of the trust only. This image shows the benefits of a trust versus a will. If you only have a will, you have to go through probate.


These are the essentials of good estate planning.

A married couple should take ownership as community property to avoid extra taxes.


 Here is one of Paul Horn's videos on the probate process.

https://www.youtube.com/watch?v=IZtMW7hlH-c

You should have an attorney handle your will and trust. This is not legal advice. I am not an attorney. I would recommend Paul Horn to handle trusts, wills and probate. He knows what he's talking about. I've been doing historical date of death appraisals for over 40 years. I've had to deal with estates and probates so I've dealt with many estate and planning attorneys. 

@paulhornesq https://www.paulhornlawfirm.com/

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

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Thursday, March 3, 2022

March is Women's History Month. Let's Celebrate Women in Real Estate, by Mary Cummins

womens history month, women, month, march, mary cummins, real estate appraiser, real estate, appraiser, appraisal, los angeles, california, equality, wage gap, trust, research, comfortable
womens history month, women, history, month, march, mary cummins, real estate appraiser, real estate, appraiser, appraisal, los angeles, california, equality, wage gap, trust, research, comfortable

Women's History Month is an annual declared month that highlights the contributions of women to events in history and contemporary society. It's celebrated in March in the United States.

Up until around 1920 or so women were not real estate agents or appraisers. It was a predominantly male occupation. Today most real estate agents are women. Most real estate appraisers are still men but the number of women is growing. I personally feel over time the number of female appraisers will be over 50% for the same reason the number of female agents is over 50%. Both jobs involve a similar skill set. 

I'd like to take this opportunity to talk about the benefits of having a woman real estate appraiser. I am not knocking the men at all. I know many male real estate appraisers who are wonderful appraisers and people whom I'd definitely allow to appraise my home. All appraisers must be licensed for government insured loans. Licensed appraisers have to pass Department of Justice and AMC background checks to make sure they have not been convicted of a financial or violent crime. Women just have something different to offer clients and the homeowner. 

Some people feel more comfortable having a woman walking around and taking photos of their home, family, pets, personal property, security system... Based on my experience a woman is more likely to be the sole person at home with children during a home inspection. Some women and children who have experienced certain traumas will feel more comfortable with a woman appraiser.  Research has shown that women are more likely to trust other women. 

Research has shown that women are more nurturing and empathetic than men. Research has shown that women are less likely to be the perpetrators of violent or sexual crime. Other research has shown that women are more likely to be the victim of sexual crimes. People of different cultures and religions may relate to women differently than men. In some cultures women must have their face, head and body fully covered in front of men but not other women. For all these reasons in general children, women, elderly, people of different cultures/religions may feel more comfortable with a woman appraiser. 

Women in the US have made many strides over time such as procuring voting rights (19th Amendment, 1920), ability to have a bank account in their own name (1960's), ability to own their own property (Mississippi 1839), ability to get a credit card or loan (Equal Credit Opportunity Act EOCA, 1974) and ability to work in certain vocational fields like real estate (1920's). We still have the general male/female wage gap and other issues we need to work on. Women will continue to make strides toward equality with men in the work force and world in general. 

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html
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