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What Is a Notice of Proposed Action? Definition, Uses and Importance.

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Formal written notice by a personal representative with full authority (under the Independent Administration of Estate Act) to the interested parties in an estate, of the intent to take certain action (e.g. sell real property) on or after a certain date.

When selling real estate in a probate, a Notice of Proposed Action is required. The notice must be in writing and provided to anybody who requests specific notice of the probate process, including the interested parties, the heirs or beneficiaries, or any other entity.

It is essential that a Notice of Proposed Action include a detailed description of the proposed action. the sale price and broker commission must be included in a notice of proposed action involving a sale or exchange of real property or an option to acquire real property.

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