Probate registry
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Probate: What It Is and How It Works With and Without a Will
What Is Probate?
Probate is the process completed when a decedent leaves assets to distribute, such as bank accounts, real estate, and financial investments.
Probate is the general administration of a deceased person's will or the estate of a deceased person without a will.
Grant of probate certificateAn executor is commonly named in the will or an administrator, if there is no will, to complete the probate process. This involves collecting the deceased's assets to pay any remaining liabilities on their estate and distributing the assets to beneficiaries.
Key Takeaways
- Probate is the legal process for reviewing the assets of a deceased person and determining inheritors.
- Probate proceedings typically focus on the existence, authenticity, and validity of a will.
- Probate can be initiated with or without a will.
- A proceeding is usually essential when a deceased person’s remaining estate is of high value even when there is a will.
- Individuals can avoid exorbitant probate costs and complexities by having an easily authen
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