Asked by MadiCAT Panther on Jun 05, 2024
Verified
The probate process involves collecting the decedent's property,paying off debts,and distributing the remaining property to others.
Probate Process
The legal procedure through which a deceased person's will is validated, their debts are paid, and their assets are distributed to beneficiaries.
Decedent's Property
Refers to the assets, rights, and possessions owned by an individual at the time of their death, which are subject to inheritance, estate laws, and probate proceedings.
- Learn the probate process essentials, including debt payment and property distribution.
Verified Answer
CD
Chris DemasJun 11, 2024
Final Answer :
True
Explanation :
When a person dies,an orderly procedure is needed to collect his property,settle his debts,and distribute any remaining property to those who will inherit it under his will or by intestate succession.This process occurs under the supervision of a probate court and is known as the administration process or the probate process.
Learning Objectives
- Learn the probate process essentials, including debt payment and property distribution.