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Posts tagged "Trust"

Probate 101 - How it really works

What exactly is the Probate process?

When a family member passes away and they leave assets and debts to be accounted for, probate is the financial tally of what's left behind. In other words, Probate is the legal process that ensures all outstanding bills, unpaid taxes, and outstanding debts are paid. Distribution for the remaining assets are directed by the last Will and Testament (or by state law in the absence of a Will).

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