Probate is a legal process of transferring the property and other assets of a decedent person to the heirs. For any person the estate planning a crucial decision. It is a practice of anticipating and arranging for the division of the person’s property to members of the family or to a concerned person or company. Probate is usually a legal procedure that deals with – ascertaining if the will is valid one or not Transferring the property and other assets of decedent person to the heirs or beneficiaries; Administering and taking care of the financial obligations of the decedent person. In a probate process, the executor or the administrator is appointed who collects the assets, pay all the debts and expenses and then distribute the remainder of the property to the beneficiaries under the court supervision. The probate procedure is court-supervised and the assets and property are distributed according to the state laws. Probate is not always necessary. A person ...