An Overview of Why Validating Your Will is Important
March 30, 2023
Only 33 percent of Americans have a will, despite the fact that more than 50 percent find estate planning important.
Only 33 percent of Americans have a will, despite the fact that more than 50 percent find estate planning important.
An estate is probated when a deceased person’s will is authenticated, their assets are inspected, their debts are paid, their taxes are paid, and their remaining assets are distributed to their beneficiaries. After an asset-holder dies, the court will appoint a valid will’s executor to administer the probate process. In the absence of a will, the court will appoint a state administrator to handle probate. Probate law varies by state, but there are steps in the process that are common.