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What is Probate?

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What is Probate?

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Probate is the process of transferring property when a person dies. There is an informative pamphlet online posted by the Washington State Bar Association.

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Probate is the legal process through which the court sees that, when you die, your debts are paid and your assets are distributed according to your will. If you don’t have a valid will, your assets are distributed according to state law.

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• What is Modified Probate? • What is Unsupervised Probate? ESTATE PLANNING • Do I need a living trust to avoid estate taxes • Will the state, district or commonwealth get everything if I don’t have a will • Will my spouse inherit all my property if I don’t have a will • Does having a will avoids probate • Does my Will disposes all of my property • Can I complete my own estate plan • Do I still need to plan even if all of my property is owned jointly with • Does the same estate plan works for everyone • I only need a Will – Isn’t estate planning is only for the wealthy • Do estate taxes only impact the wealthy • “Aren’t I too young to plan” or “Will there will be an Estate Tax when I die” BUSINESS FORMATION • What is the difference between an LLC, Inc., S-Corp, C-Corp, etc. • What is a “trade name” • What are By-Laws BUSINESS MANAGEMENT • coming soon! BUSINESS TRANSITIONS • coming soon!

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Probate is a process that gives the people carrying out your will the right to deal with your assets and property. It acts as proof that your executors have the authority they need to administer your estate. Find out more about probate, making a will and DIY wills.

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A process that gives the people carrying out your Will the right to deal with your assets and property. It acts as proof that your executors have the authority they need to administer your estate.

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