What is Probate?
Probate Explained: Here is the best description we find of what probate is according to Wikipedia, “Probate is the judicial process whereby a will is ‘proved’ in a court of law and accepted as a valid public document that is the true last testament of the deceased, or whereby the estate is settled according to the laws of intestacy in the state of residence of the deceased at the time of death in the absence of a legal will.”
The granting of probate is the first step in the legal process of administering the estate of a deceased person, resolving all claims, and distributing the deceased person’s property under a will. A probate court decides the legal validity of a testator’s (deceased person’s) will and grants its approval, also known as granting probate, to the executor.
The probated will then becomes a legal instrument that may be enforced by the executor in the courts if necessary. A probate also officially appoints the executor (or personal representative), generally named in the will, as having legal power to dispose of the testator’s assets in the manner specified in the testator’s will. However, through the probate process, a will may be contested. Probate is not a position you will want your family involved. To get your estate planning affairs in order, visit areas of service open link in a new tab or hudacklaw.com open link in a new tab for more information today.