Articles on Stock markets

News, Research and Analysis

Help Center
Investment Portfolios
Investment Terminology and Instruments
Technical Analysis and Trading
Cryptocurrencies and Blockchain
RetirementSocial Security BenefitsLong-Term Care InsuranceGeneral Retirement InfoHealth InsuranceMedicare and MedicaidLife InsuranceWills and Trusts
Retirement Accounts
Personal Finance
Corporate Basics
What is Probate?

What is Probate?

Probate is the legal process that takes place after a person’s death, during which legal documents (such as wills and trusts) are reviewed and enforced.

A person’s will generally must be validated by the court, after which the person’s assets are distributed to the heirs accordingly. If there is no will, then the probate court will decide how to distribute the assets, which may not be consistent with the deceased’s actual wishes.

Typically, a probate court will make public a deceased’s estate is under review, which will allow for any and all claims on the deceased’s estate. The court will then determine the validity of their claims, and the costs of probate are generally absorbed by the heirs.

Do I Need Professional Help to Prepare a Will?
Should I Notarize my Will?

Keywords: estates, estate planning, trusts, probate court, wills,