What is probate?
Probate is the legal process for the transfer of assets-houses, cars,
stocks, bonds, boats, etc from the deceased person's name to his or her
estate so they can be sold or distributed to the heirs. Probate oversees
the settlement of an estate.
Where does it Take Place?
It takes place in the county courthouse of the decedents residence.
Who Handles the Estate:
The Personal Representative (PR) is responsible for liquidating the estate.
The PR can work with a realtor of their choice to sell the home.
When: Once a probate case is filed in court
Why: The legitimate heirs want their share of the assets to be distributed.
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