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<p>[QUOTE=&quot;spirit-of-shiloh, post: 16927, member: 32&quot;]<a href="http://www.legalmatch.com/law-library/article/estate-sale-lawyers.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.legalmatch.com/law-library/article/estate-sale-lawyers.html" rel="nofollow">http://www.legalmatch.com/law-library/article/estate-sale-lawyers.html</a></p><p><br /></p><p><font size="4"><b>What is an Estate Sale?</b></font></p><p>An estate sale is any type of auction, yard sale, or garage sale that is meant to dispose of all or a significant portion of a person’s estate.&nbsp; A person’s estate is the sum total of all their possessions and assets, including both personal and real property.</p><p><br /></p><p>Estate sales are governed by that body of laws that regulates <a href="http://www.legalmatch.com/law-library/article/estate-administration.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.legalmatch.com/law-library/article/estate-administration.html" rel="nofollow">estate administration</a> (the management of one’s estate).&nbsp; Estate sales are also known as “estate liquidation” or “estate liquidation sales”.&nbsp; Thorough <a href="http://www.legalmatch.com/law-library/article/estate-planning.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.legalmatch.com/law-library/article/estate-planning.html" rel="nofollow">estate planning</a> efforts will include instructions on conducting an estate sale if it becomes necessary to do so.</p><p><br /></p><p><font size="4"><b>What is the Purpose of an Estate Sale?</b></font></p><p>There may be several reasons why an estate sale is conducted.&nbsp; The most common reason for an estate sale is the death of the property owner.&nbsp; In the event that the property cannot be distributed according to a will, the property may be sold in an estate sale.</p><p><br /></p><p>In order to avoid obstacles such as fraud or error, it is best to hire a lawyer to draft and review the estate sale contract.</p><p><br /></p><p>Other common reasons for an estate sale are:</p><p><br /></p><ul> <li><b>Relocation</b>:&nbsp; Often times an estate holder may need to relocate quickly to a different area, for example if they have a new job in a different area.&nbsp; Instead of transporting various items of property, it can sometimes be easier to sell it and keep the proceeds.</li> <li><b>Court Order</b>:&nbsp; A judge can issue a court order that requires an estate sale.&nbsp; This is common in conflicts where the parties cannot agree upon a suitable distribution of properties.</li> <li><b>Incapacitation</b>:&nbsp; An estate holder may choose to sell part or all of their estate in the event that they become incapacitated.</li> <li><b>Other situations</b>:&nbsp; Estate sales can happen for a variety of other reasons, for example if the property owner is moving into assisted living and their property cannot be taken with them.&nbsp; </li> </ul><p><br /></p><p><br /></p><p><br /></p><p>I see the word ESTATE used a lot on eBay...I think the seller thinks that by adding that word that potential buyers will think the stuff is great,valueable,etc. LOL[/QUOTE]</p><p><br /></p>

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