Probate, as it relates to a deceased person’s estate, is the court-supervised process that oversees and controls the transfer and distribution of assets owned by a person at the time of death. The court ensures that debts, taxes, probate court costs, administration and attorney’s fees are paid before any remaining assets are distributed in accordance with your Last Will & Testament, or according to state law if you do not have a will.
With good advance legal planning and the development of the proper portfolio of legal documents probate can be avoided.