What Is Probate and Do I Want to Avoid It?

Tag Archives: Payable-on-death

What Is Probate and Do I Want to Avoid It?

Probate is a process used to identify and gather the assets of a deceased person, or decedent. This process is court-supervised and used to pay the decedent’s debts or distribute the assets to beneficiaries. The assets are typically used to pay the cost of the probate proceeding before being applied to debts. The remainder, if […]