Realized 1031 Glossary of Terms

Probate Court

Written by The Realized Team | Jun 22, 2022 12:00:00 PM

Probate court handles the distribution of a deceased person’s assets to beneficiaries in the case that a will is not present. Having a will makes this process much easier for those left behind. Probate court is not needed when a will is available. But in the absence of a will, the state probate court must settle the affairs of the deceased. This can be a time-consuming and frustrating process for the beneficiaries. Probate also settles disputes when a will is left behind, but it is not clear how assets should be divided. Additionally, probate court is involved in conservatorships, guardianships, and committing a mentally ill person to an institution that can help them.