Keyword Analysis & Research: probate definition

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What is probate and what does it mean?

Probate is the process of transferring legal title to property from a person who has died to that person's heirs or beneficiaries.

What is probate and how does it work?

Probate is a court procedure whereby the estate of a deceased individual is administered so that creditors are paid, assets gathered, and property is distributed to the rightful heirs and beneficiaries.

Is probate a bad thing?

Probate is the process in which a court (or possibly a referee in Minnesota) makes a decision about a deceased person’s assets and debts – which are in that deceased person’s name only. A Minnesota Probate is not necessarily a bad thing, but it can be avoided and it is expensive.

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