What Is Probate & Why Should You Know About It? Probate is a court-supervised process that takes place after someone passes away to handle their estate—this can include real estate, bank accounts, and other assets. Through probate, the court:�• Confirms the validity of a will (if one exists)�• Takes inventory and assigns value to assets�• Settles outstanding debts and taxes�• Distributes remaining assets to heirs If there’s no will, state law determines who receives what. Simply put:�Probate mea
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Have you heard tales of probate dragging on forever? Probate is the process of a court validating a will and distributing assets after a person passes away. We explore when probate is necessary. https://amcen.co/4jq05te #EstatePlanning #ProbateEssentials #LivingTrust | American Century Investments | Facebook
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