Posts tagged Probate
Estate Planning - What It Is & Why It's Important

The dictionary may be to blame for the level of confusion surrounding the necessity of estate planning. Most, when they hear the word estate, immediately associate it with lavish wealth and riches. And that’s not technically wrong. The first definition you’ll see when you look up the word estate is an extensive area of land in the country, usually with a large house, owned by one person, family, or organization.

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What is Probate?

Probate is the legal process of administering the estate of a deceased person. A person’s estate is a collection of everything they owned at the time of their passing. Probate does not end until the property of the deceased is released to their rightful beneficiaries. A person’s estate is typically itemized in their last will and testament to dictate their wishes regarding their belongings.

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