A Probate Attorney Breaks Down Common Probate Terms
If you’re not familiar with probate, and not too many people are, then you may be overwhelmed with all the terms and phrases being thrown at you. Of course, you didn’t go to law school to learn all of this stuff, so why would you know them? Luckily, you don’t have to know what it all means when you have a probate attorney by your side. Nevertheless, it doesn’t hurt to have some extra knowledge when you enter probate proceedings. Today in the Davidson Law Group blog, our probate attorney team goes over some common probate jargon you may hear.
Related Post: Informing Your Family About Probate
What is Probate?
Before we get into the jargon, we’ll give a brief explanation of what probate itself is. Probate is the process you have to undergo to begin dealing with someone’s estate. Applying for probate is necessary if you want the ability to access their bank accounts, deal with their property, and undertake other estate-related matters. However, this is only necessary in cases where probate is called for. Probate can be fairly complicated, so it’s a good idea to get a probate attorney involved.
Common Terms Used in Probate
Here are some common terms you may hear during the probate process:
Administrator – If someone passes away without a will in place, an administrator will be in charge of finalizing the estate and distributing assets.
Beneficiary – This is a term for someone who receives assets or inheritance from the estate. Beneficiaries can be named in the will or determined by state laws if a will doesn’t exist.
Estate – This is the term for everything that the deceased individual owned. This includes both tangible and intangible assets.
Executor – This is the person who has been named by the deceased to execute their will and finalize their estate. This person will be responsible for making sure assets are distributed, through probate if necessary, fairly and correctly.
Probate Attorney – A probate attorney can help you through the entire process of probate, so you don’t have to be familiar with all the laws and rules. They’re your best option to make the burden of going through probate a lot lighter.
Rules of Intestacy – Rules of Intestacy are used if someone dies without a will. They determine who the beneficiaries are through an order of priority.
Related Post: Davidson Law Glossary – Estate Planning Terms
Contact a Probate Attorney at Davidson Law Group
If you’re in need of a probate attorney, choose Davidson Law Group. We have experience dealing with the process of probate so you don’t have to take on as much responsibility. When you work with a probate attorney, you won’t have to worry about making mistakes. We’ll guide you through the entire process. Contact us today to schedule a free consultation and see how we can help you.