What is Probate?

Probate is the legal procedure in which the legitimacy of the Will has been proved; entire properties identified, appraised and inventoried; debts and taxes paid; as well as the lasting properties distributed. The word ‘probate’ is derivative of the Latin word ‘probare’ that means ‘to prove’.

Assume that all of an individual’s property, at times called a assets, were of that person’s name. The word assets involve real estate that means houses and lands, substantial personal  holdings like vehicles, jewelry etc. and subtle personal property as bank accounts, stocks and shares etc.  Generally, a spouse of that person and children become heir to his property  once it has been proved to the court that they are official inheritor. They can do that through submitting  the marriage and birth or adoption certificates. However, they can claim for total control of the  property on condition that the property is validated through any of the court of law. For that, they require to submit the death certificate and a profile of all the decedent’s property, along with documentary proof, before the court. The court then appoints an administrator, sometimes known as a ‘personal representative’, to prove, inventory and appraise the property. Continue reading →