Probate is the legal process through which a deceased person's estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off. It involves validating the deceased's will, appraising the deceased's assets, paying off taxes and debts, and distributing the remaining property as directed by the will or state law if there is no will.

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Probate Is The

Question 46

Multiple Choice

Probate is the:

A) actual property given away in a will.
B) reading of a will by a lawyer.
C) process of managing the distribution of a deceased person's property.
D) process of declaring a person dead.

Correct Answer: