What is understanding the probate process?
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Probate is the legal process of administering a deceased person’s estate, ensuring assets are distributed according to their will or state law. It involves validating the will, identifying and appraising assets, settling debts, and distributing remaining property to heirs. The court oversees the process, and an executor or administrator is typically appointed to manage the affairs. Probate can be time-consuming and may involve court fees, but it provides a structured framework for the fair distribution of assets. Seeking legal guidance can help navigate the complexities of the probate process.