Probate is the legal process that takes place after someone passes away, involving the unlocking of frozen assets and the transfer of ownership titles through the court system. During probate, the court supervises the administration of the deceased’s estate, ensuring debts are settled and assets are distributed according to the will or state law if no will exists. This process is essential for validating the will and resolving any disputes that may arise. Although probate is necessary, it can be time-consuming and expensive, which is why effective estate planning is crucial. Proper planning can help minimize the impact of probate and facilitate a smoother transition for your loved ones.
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