When Settling an Estate, Put Your Trust in our Team! White Realty Associates 5374 E. Village Rd. Long Beach, CA 90808

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1 When Settling an Estate, Put Your Trust in our Team! White Realty Associates 5374 E. Village Rd. Long Beach, CA (562) Exceeding Expectations Since 1959! Experience Dedication Proven Results

2 White Realty Associates is a full-service Brokerage, serving the needs of LA, Orange and surrounding counties since Broker/Owner Dave Dumalski, is a second generation Broker, licensed since Dave s combined skills as an REO Broker, Foreclosure Investor and Licensed General Contractor have successfully helped buyers and sellers make informed decisions about real estate. Rhonda Baskins is a Certified Probate Real Estate Specialist, with outstanding customer service skills. Dave and Rhonda have each won the elite Five Star Service Award for two years running! We also offer full service Property Management: Tenant Screening Coordinate all maintenance & repairs Detailed Computer Generated Monthly Statements

3 WHAT SETS US APART FROM OTHER BROKERS AND AGENTS?? We understand that settling an estate that is in a Trust or Probate is a long, confusing and stressful process for most families. Our responsibility is to handle the entire real estate side of the settlement. Here is how we deliver: WE CLEARLY DEFINE EACH OF OUR CLIENTS NEEDS AND EXPECTATIONS. HOW DO WE HANDLE COMMUNICATION? We are an experienced dedicated team who understands the importance of clear, prompt communication. We will tailor our communication to your preferred method.. HOW DO WE DESIGN A PLAN OF ACTION? Starting with the end result we work backward in laying out a detailed plan of action. HOW DO WE EXECUTE IT? The plan is put in motion with timelines, notes, dates and we keep the momentum moving in the right direction until a successful close of escrow. In addition to our understanding of Probate, Guardianship, Conservatorship and Trusts we offer a combination of services to you all in one place. Our team approach delivers specialized knowledge and technical expertise. The entire court-regulated process is carefully monitored and managed. When a probate or trust calls for the sale of real property a knowledgeable real estate team is one of your most valuable allies!

4 OUR COMMITMENT IS TO HELP PORTRAY YOUR LEVEL OF PROFESSIONALISM. Services Offered: Verify the property is sufficiently insured. Comparable Market Analysis to determine fair market value Securing Properties Remove Trash and Debris House Re-Keyed Vehicle Towing or Trailoring Landscaping Maintenance Turn On/Off Utilities Repairs Estimates Supervise Rehabs Estate Sales Home Staging Available Detailed Marketing Plan of Action Our Pledge to You: Integrity and the Highest Ethical Standards Quality Support for services such as Escrow, Title, Mortgage, Home Inspections and Termite Companies. Foster Mutual Respect and Trust in all of our Business Relationships Open and Prompt Communication Strong Start, Stronger Finish! Confidentiality: Unpublished sales occur all the time, should your client require confidentiality their secret is safe with us! We can arrange a private sale or quietly arrange the removal of personal property.

5 What People Are Saying: Dear Dave and Rhonda: Thank you for your tremendous service in listing and completing the sale of our mother's house. From the initial meeting, to the consultation on listing details, to preparing and showing the house, to advising on offers and the entire escrow process your teamwork was invaluable and truly appreciated. Without doubt, your expertise was the reason we received multiple offers including the final sale on the first weekend on the market. We appreciate your attention to the many details that must be completed throughout the listing experience. On behalf of my sister and brothers, please accept our tremendous gratitude for your hard work and outstanding results. Dear Dave and Rhonda, Thank you so much for delivering as promised a very painless sale of Mom s home. It feels good to know that another family gets to make their memories in our childhood home! Fondly, Janet, Jim, Bob and all the Mc Rae Family Good morning everyone, Thank you so much for the opportunity to have worked with you ALL in this transaction. Very few times can I say this. You and your entire team are indeed a group of professionals; Realtors, Buyers, Sellers and affiliates should feel confident to work with you I did! Again, thank you and keep my contact info handy so the next time you have a new listing Coming I can let my clients know about it! I look forward to working with you again! Have A Very Productive Day! Ray Fernandez & Associates GRI,CDPE,SFR,ABR,SRES, e-pro,commercial Associate Cell DRE#O Commercial & Residential Brokerage

6 If a quick sale is desired we have investors that can close in as little as 7 days all cash, As-Is. Here are some sample materials that we will provide the client to help them understand the process.

7 Family Checklist Notify your family attorney, financial advisor or CPA of your loved ones death. Identify who is to serve as the Executor or Personal Representative. Find a trusted person to assist in making decisions and tracking estate related items. Remove loved one from bank accounts and safety deposit boxes and add another person.* Inquire of an attorney or county office about filing the will for probate if needed.* Notify Social Security and apply for possible death benefit ($255.00) and benefits for dependent children (if applicable.) Remove loved one from residential property deeds, rural property and out of state property. Consider adding other names for estate planning.* Remove loved one from titles on automobiles and add T.O.D. if applicable.* Transfer car insurance into your name so it is valid. Change or add names to stocks, bonds or other investments.* Create an asset list for estate purposes. Change designation of cemetery property owned by deceased. Cancel any credit cards for deceased and consult with your attorney before paying any outstanding balances.* Change utility and credit card billing information to update records to reflect your credit information. Watch all incoming statements/invoices to make sure they are valid. (Some companies run scam operations with false statements saying that your loved one paid an amount down and a balance is due. Verify before payment.) Notify employer about death and ask about benefits or pension. Replace loved one from beneficiary status on other life insurance policies and check for old or lost policies. Cancel medical coverage policies on deceased. Obtain multiple certified death certificates. Inquire if you may have them back of if they will accept a regular photo copy (not certified) Check with your attorney or financial advisor about updating your personal estate planning information. * Contact legal advisor before making changes. * Most changes in legal documents will require a certified death certificate.

8 Estate Executor s Duties During the Probate Process READS YOUR WILL Expedites your burial instructions. Meets members of your family and other interested parties who desire aid and information, confers with your attorney who drew the Will and persons familiar with your financial affairs. SAFEGUARDS YOUR ASSETS Takes such immediate protective measures as are desirable prior to appointment as executor. Looks to insurance and protection of both real and personal property. Secure knowledge of your ongoing business interests. Examines all your books and files. Gives notice of your death to banks, safe deposit companies and others. PETITIONS THE COURT FOR PROBATE OF YOUR WILL Obtains proof of heirship; locates witnesses; through attorney for estate, petitions for probate of Will and, from time to time, applies for all necessary court order in administration of estate; an appointment as executor, files oath of office. order in administration of estate; an appointment files oath of office. ASSEMBLIES AND INVENTORIES ALL OF YOUR ASSETS Takes proper steps to collect policies of life insurance. Secures tax waivers and collects all cash. Inventories and appraises household goods and effects, removing valuables to vault. Presses all claims for amounts due, locates evidence and witnesses on contested claims. Arranges proper supervision and management for your ongoing business interests. Obtains custody of securities. Collects all interest and dividends. Inspects condition, leases, taxes and mortgages of real estate, and arranges for management. PROCURES APPRAISAL OF ALL OF YOUR ASSETS Gathers complete and satisfactory evidence of the value of all assets at the date of your death. ADMINISTERS YOUR ESTATE Governed by the wishes expressed in your Will, the requirements of your estate, and the local probate law. Gives special study to valuable collections; determines method and time of sale for articles not bequeathed; makes a careful estimate of amount of cash to be raised for payment of taxes, legacies, and expenses of administration and of prob- Gives exhaustive study to your business interests and determines policy of continuance, liquidation, or sale with due regard to expressions in your Will. Carries out or adjusts Makes comprehensive review of market conditions for each security to decide which should be sold first, if necessary to meet taxes, expenses, claims, and Investigates all real estate from standpoint of earnings, market, and desirability in case circumstances require its Pays your income taxes. MAKES ALL YOUR TAX RETURNS An intricate and involved procedure in which particular forms of information and return must be prepared and filed with each taxing body. Pays your inheritance and estate taxes. Attends to Income Tax for part of year prior to your death. Files return and pays tax for part of year after your death. Ascertains and pays inheritance tax in state of residence; obtains waivers for transfer of securities. Arranges for necessary proceedings to release securities of property located in other states. Makes careful survey of all possible tax claims to see that no further liability exists upon review by the government. SETTLES ALL PROPER CLAIMS Publishes notice to creditors; obtains all available evidence regarding propriety of each claim filed, resists all improper claims; pays out of estate funds all approved and allowed claims. Files preliminary notice, prepares return, and pays both State Inheritance and Federal Estate Tax. DISTRIBUTES YOUR PROBATE ESTATE Prepares data for final account showing in detail all receipts and disbursements; notifies interested persons of hearing on account, after settlement of account by court, distributes remaining property of your estate as directed by court. OBTAINS FINAL DISCHARGE After final payment and distribution to legatees and devisees, secures final discharge as an executor.

9 f Executor's Checklist PRELIMINARY STEPS Retain and meet with estate attorney to complete application f or probate. Make provisions for any fees that may be applicable. Prepare list of assets and liabilities. List assets by class, their value and full particulars thereof including certificate number, registration particulars, maturity date, interest rate, payment frequency and dates. Open an estate bank account. Determine immediate cash requirements of family. List contents of safety deposit box. Arrange for safe custody of personal valuables. Review adequacy of property insurance coverage and alter if necessary. If deceased lived in a rental property, terminate lease or arrange sublet. Cancel health coverage. Cancel driver's license, magazine and newspapers, utilities and club memberships. Confirm outstanding bank balances and cancel credit cards. Complete or cancel outstanding broker's orders. Ascertain assets and liabilities by writing to financial institutions, insurance companies, brokers, employers. Obtain prior year's tax returns. Locate and obtain title documents for real estate, mortgages, bonds, debentures and guaranteed investments certificates. Arrange evaluations of real estates, securities, personal property and automobiles. Arrange for review of the investment portfolio.

10 Information Summary Banking Information Make a prompt request for release from each bank or financial institution in which the deceased and you held a joint account. This is necessary before you can withdraw funds from the account. The bank will tell you what forms you may need to sign. Titles, Deeds, and Registrations Before you change the deed on property and remove the deceased's name, with local officials where the property is located. You'll need a copy of the Death Certificate for this process. The same is true for changing titles and registrations on vehicles. check Bills and Credit Obligations Do a thorough job gathering outstanding bills and credit obligations, like credit cards, car and bank loans. In some cases with installment loans and credit cards, you may be covered by credit life insurance which will pay off the account balance in the event of death. Insurance Review With the passing of a spouse or significant other, your insurance needs may change. You don't want to be underinsured or over insured. Talk to a trusted advisor about what is appropriate and make the necessary changes. Put Your Trust with an Experienced Team when Handling ALL Aspects of the Distribution of Real Property. WHITE REALTY ASSOCIATES We Work for You!