Probate involves getting legal permission for the executor to deal with the deceased’s finances; their estate. One of the executor’s most important duties is to administer the deceased’s financial affairs and if required, obtain probate in order to do this. Probate involves establishing exactly what assets were owned by the deceased, obtaining the value of these assets in order to establish the value for the entire estate.. The executor is also responsible for gathering together all the assets owned by the deceased including money, assets and possessions, settling any taxes, debts or liabilities and distributing the estate to the beneficiaries … Continue reading What does probate involve?
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