Muniment of Title - Can be used when there is a will and no debts other than debts secured by a lien on real estate.
The Muniment of Title process is most often used to transfer Real Estate from the decedent to the beneficiaries when there are no other debts. Unlike other probate processes, this process will not have a specific person acting on behalf of the estate.
Benefits of this process include completing the title transfer of Real Estate quicker with less cost
Obstacles of this process include difficulties in transferring none real estate assets such as stock, bank accounts, and such because no one person is acting on behalf of the estate.
The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.
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