probate

(redirected from Probate Process)
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Synonyms for probate

a judicial certificate saying that a will is genuine and conferring on the executors the power to administer the estate

the act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements

put a convicted person on probation by suspending his sentence

establish the legal validity of (wills and other documents)

References in periodicals archive ?
When an estate is created, the probate process begins in a local court.
4] (i) Nonliquid conventional assets might shrink in value during the probate process as estate properties become less profitable or valuable because of the loss of managerial skills.
Through the probate process, creditors minimize risk to their brand by eliminating unnecessary contact with survivors.
Ultimately, the pendulum will shift back to planning as those clients who were refugees from the probate process engage in proactive planning," she added.
Emergency Estate Planning includes topics like the durable power of attorney for assets, medical power of attorney, probate process flow chart, trust concepts and applications, personal property trust, living trust basics, credit shelter trust and marital trust concepts, living trust for spouse and other heirs, quit claim deed into trust, and many more important concepts of estate planning.
One advantage of a living net is the fact that if all assets are transferred to it during life, the formal probate process can be avoided.
There are often reasons why some homes remain empty, for example when people move into long-term care or when properties become subject to the probate process.
Sitarz also demystifies the probate process, inheritance taxes, and living trusts.
Another benefit to a trust for her is that it maintains the privacy of the estate, whereas a probate process puts it into the public record.
The main advantage of the living trust is that its assets are distributed without going through the court probate process.
In addition, clients should be counseled that other advantages of the probate process may be overlooked if only costs are considered.
According to Anderson, a revocable living trust can save fees in the probate process.
A properly structured and funded trust can help avoid the probate process, so that a person's assets can be distributed privately and quickly to their beneficiaries according to their wishes.