Estate Planning Personal Finance

Q&A: What is probate?

Probate is the term for a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will.

Pro Tip: Probate can be time-consuming and costly. Having a will to direct probate or a trust to avoid probate entirely is very helpful and strongly advised by most financial professionals.

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