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Understanding Probate Law

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Understanding Probate Law - Cubelaw

Probate refers to the lawful process of distributing the assets left by a deceased individual, which may include bank accounts, financial investments, and real estate properties. The process involves managing the deceased person’s estate or will, regardless of whether they had a will. Generally, the executor named in the will or an administrator appointed in the absence of a will is accountable for supervising the probate process. This includes collecting the deceased person’s assets, paying off any debts owed, and disbursing the remaining assets to the beneficiaries who were designated.

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