Probate is the legal process of administering and distributing a person’s assets—such as bank accounts, real estate, and investments—after they pass away. It applies whether the deceased had a valid will or died without one, ensuring their estate is properly managed and transferred to rightful heirs.
Probate Will as Letter of Testamentary
Testamentary are letters issued by a probate court stating that a person can act on behalf of a deceased person’s estate. The letters are typically issued according to the person’s last will.
Small Estate Affidavits
Small estate affidavits are a fast and affordable way to transfer property after someone has died, and the value of the estate was $75,000 or less.
Probate Will
as Muniment of Title
A muniment of title simply allows a deceased person’s last will and testament to be treated as proof of title to property. This means that the estate passes directly to named beneficiaries in the will.
