Friday, January 29, 2016

What is Probate?

Probate in California is a court-supervised process that is used to oversee a person's legal and financial affairs after death, usually overseen by probate lawyers in California. Probate consists of gathering a deceased person's assets, proving the validity of the will, appraising the estate property, paying estate taxes and then distributing the property as directed by will or state law if there is no will.

Essentially this is the process of determining the rights and obligations of a person’s legal and financial matters after their death. Probate is the way to transfer assets, resolve debts and clear title so the decedent’s assets can go to the rightful heirs. Often, it is a complicated and time-consuming process.

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