Demystifying Probate: Understanding the Process of Estate Settlement
Demystifying Probate: Understanding the Process of Estate Settlement Probate – it’s a term that often comes up when discussing the legal aspects of someone’s passing. But what exactly is probate, and why does it matter? In this blog, we’ll discuss its purpose, process, and how it affects the distribution of assets and property after an individual’s death. What Is Probate? Probate is a legal process that unfolds in a court of law following an individual’s death, often referred to as the “deceased person.” Its primary functions include: 1. Asset Identification: The first step in probate involves identifying all the assets