Probate Real Estate

What is probate? 

• a. By definition probate is the legal process for the transfer of assets – houses, cars, stocks, bonds, boats, etc. from the deceased person’s name to his or her estate so they can be sold or distributed to the heirs.
• b. Probate is a process. 
• c. Probate takes place in the county of the decedent’s residence. 
• d. Probate oversees the settlement of an estate. 
• e. Probate validates terms of a will, if there is one. 
• f. Probate pays legitimate creditors. 
• g. Probate distributes remaining assets.