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What are “probate” and “estate administration”?

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What are “probate” and “estate administration”?

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In a nutshell, probate is the winding up of your affairs after you die. It is the process of determining the validity of your will or establishing the identity of your intestate heirs. A personal representative is appointed to administer your estate – to act on your behalf and manage your estate, collect your assets, pay your debts, and distribute your remaining property to your beneficiaries or heirs.

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