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Senior Supplement An Educational Service of the Legal Resources for the Elderly Program (PREP)Probate & Your Estate is everything of value that you leave to others after your death. Probate takes
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Probate is the legal process of proving a will and distributing the assets of a deceased person's estate. Your estate refers to all the assets and liabilities that you leave behind when you pass away.
The executor or personal representative named in the will is responsible for filing probate and managing the estate. If there is no will, a court-appointed administrator will handle the process.
To fill out probate and manage your estate, you will need to gather all the necessary documents, notify all interested parties, pay off debts and taxes, distribute assets according to the will, and file all required court forms.
The purpose of probate is to ensure that a deceased person's assets are properly distributed according to their wishes or state law. It also helps settle any outstanding debts and taxes.
Information that must be reported on probate and your estate includes a list of assets and liabilities, the will, names of beneficiaries, debts owed by the deceased, and any tax returns.
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