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Probate is the court process used to administer a deceased person’s estate. This process is governed by state law. The decedent’s property and assets are gathered and accounted for, debts and taxes (if any) are paid, and the remaining property, assets and cash are distributed to the heirs specified in the Will (or according to the law of intestate succession if there is no valid Will). The probate court authorizes an executor or administrator to carry out this process under the supervision of the court.Read More
If you suddenly become incapacitated, perhaps because of an illness or an accident, who would take care of your finances? How would they do it? If you don’t have a durable power of attorney, it is possible that no one would be able to handle your finances without becoming your legal guardian through a court proceeding.Read More