What is Probate? Probate is the court supervised process that begins after a person’s death (“decedent”) and is done for the purpose of: 1) confirming the validity of the will, if any; 2) identifying and taking possession of the assets; 3) paying the decedent’s debts, and 4) distributing the assets to the beneficiaries. References to […]
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Probate Is Not Always Required After the Death of a Loved One
Many have heard of the term “probate” as a court process required after someone dies. Probate may be necessary to identify and gather the assets of a decedent, pay the decedent’s debts, and distribute the decedent’s assets to the beneficiaries or heirs. However, it is not always required. If the property you own is held […]