Probate is the legal right to manage an estate for someone who has died. The terms of this distribution are usually set out in a will.
Probate is a legal process that occurs after someone dies. The process involves checking the validity of the will, valuing the assets that have been left behind, paying off any debts or Inheritance Tax owed, and then distributing the deceased person's Estate to the beneficiaries in the will.
If a will exists, the person named as the executor will oversee the distribution of the Estate. If not, a court will appoint an administrator to deal with this. If there is no will, the "rules of intestacy" must be followed during the distribution by the administrator.
Probate is a legal right and it must be applied for and granted before any distribution can take place.
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