Probate is the court-supervised process of settling a person’s estate after they die.
Expanded Explanation
During probate, a court oversees the validation of a will, payment of debts, and distribution of assets. Some estates require more court involvement than others, depending on complexity and planning. Probate records are generally public, and the process can take months or longer.
Why It Matters
Probate can delay access to assets and increase stress for surviving family members. Many estate plans aim to minimize or avoid probate when possible.