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Inheritance
Funding
When an estate
is being settled, sometimes it takes awhile to receive your
inheritance because it's tied up in probate,
a legal process by which property and assets, once
owned by a person who is now deceased, is passed to his or her heirs
after death. Probate transfers legal title of property from the
estate of the person who has died (the "decedent") to his or her
legal beneficiaries. The term "probate" refers to a "proving" of the
existence of a valid Will, or determining and "proving" who one's
legal heirs are if there is no Will (in testate). The process of
probate determines who receives the property and/or assets of the
deceased and it can take awhile. Don’t forget to seek out the advice of an
attorney.
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