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Probate is the legal process where a court verifies a deceased person’s will, settles outstanding debts or taxes, and ensures assets are distributed to the rightful heirs. In some states, most estate assets—including real estate, bank accounts, and vehicles—must go through probate unless specific arrangements, such as a named beneficiary or trust, are in place. However, probate laws vary; for instance, Louisiana may permit an “affidavit of heirship,” while California could require probate unless a transfer-on-death (TOD) designation exists.
Rockpoint Funding offers financial solutions that can help heirs navigate probate-related expenses efficiently.
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| Author : Rachel Miller |
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