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Explaining Formal Probate in One Paragraph

January 14, 2023

2 min read

Formal probate is a legal process for settling an estate after a person has died. It involves the court appointing a personal representative to administer the deceased person's estate, and to distribute their assets according to the terms of their will. The personal representative is responsible for managing the deceased person's property, paying any outstanding debts, and distributing the remaining assets to the beneficiaries named in the will. Formal probate can be a time-consuming and expensive process, and is often used when the deceased person's estate is large or complex, or when there is a dispute over the will or the distribution of the deceased person's assets.

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