Probate is the process of confirming a will is valid and giving your executor official authority to deal with your assets, granted through the Probate Office. It is usually needed where there is property, larger bank balances or investments.
Probate is one of those words people hear, but rarely get explained.
Plain-English meaning
Probate is the process of confirming a will is valid and giving your executor official permission to deal with your assets. That permission comes through the Probate Office.
What an executor usually does during probate
gathers details of assets and accounts
pays bills and taxes owed by the estate
distributes what's left based on the will
When probate is more likely
It often comes up when there's:
a home or land
larger bank balances
investments
A useful way to think about it
Probate is the "authority to act" that many organisations will ask for before releasing funds or transferring property.
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