Estate Administration (Probate)
Probate is a court process whereby title to property can be transferred from a deceased individual to another person. This process is necessary because deceased people cannot transfer property without this court process.
Typically, an estate is opened in the courthouse. Then, the administrator or executor can begin administering the estate and evaluating/paying claims. This means that the administrator or executor can carry out title transfers, property sales, and other necessary actions. Sometimes court approval will be necessary. After the estate's property is distributed, the estate can be closed (after all claims are settled).
Most people are, for some reason, afraid of the probate process. However, in some instances the probate process may be the best and easiest way to administer the estate.
Typically, an estate is opened in the courthouse. Then, the administrator or executor can begin administering the estate and evaluating/paying claims. This means that the administrator or executor can carry out title transfers, property sales, and other necessary actions. Sometimes court approval will be necessary. After the estate's property is distributed, the estate can be closed (after all claims are settled).
Most people are, for some reason, afraid of the probate process. However, in some instances the probate process may be the best and easiest way to administer the estate.
