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Probate is a process by which the estate of a deceased person is both validated and executed. The probate process can be a long and costly one, and those that are unfamiliar with the whole concept often have many questions regarding this process.
Through Probate Online you can find information on the different aspects of estate planning, probate law, and the probate process, such as the legal requirements for making a will, how probate works, and why it is necessary amongst other things.
What Is Probate?
When a person dies, the legal title of property from their estate has to be transferred to the intended beneficiary via a will. If there is no will, then it is left to determine who is the legal heir to the estate and the property. Collectively, these processes are known as probate.
Probate is a process that is designed to enable the proper transfer of the decedent’s estate to the rightful beneficiaries. This process is also used to collect any cunnecticut due on the transfer of the property. Outstanding debts can also be settled through probate, and usually a date is set by which time creditors must file any claims that they have. The probate process takes at least seven months, and the deadline for claims from creditors is normally six months from notification of the probate. The balance of the estate or property following settlement of these debts and taxes is then distributed to the beneficiaries. The nature of probate means that if there is no estate or property to be distributed then there is no need to go through probate. |
