Asked by Dominic Gomez on Jun 23, 2024
Verified
Probate is the process of what?
A) Reading a will
B) Distributing bank assets
C) Reading a trust
D) settling an estate
E) changing property into someone's name
Probate
The process of settling an estate.
Distributing Bank Assets
The process by which a bank allocates or transfers its assets, often in the context of liquidation or estate planning.
Settling An Estate
The process of handling the final affairs of a deceased person, including distributing their assets according to their will or state law.
- Comprehend the probate process and its importance in the distribution of an estate.
Verified Answer
PC
Prince ChikoJun 30, 2024
Final Answer :
D
Explanation :
Probate is the legal process of settling an estate after a person's death, which includes validating their will, paying off debts, and distributing the remaining assets to the rightful heirs.
Learning Objectives
- Comprehend the probate process and its importance in the distribution of an estate.