Probate

The legal process of submitting your last will and testament to court and reporting the management and distribution of your estate to court. During the probate process, a judge oversees the administration of your estate. State law governs the probate process. When your will is admitted to probate, it becomes a public document. Any assets that you own outright will be subject to probate. However, assets such as investment retirement accounts and life insurance, that pass to beneficiaries selected by you prior to your death, are not subject to probate. In addition, assets held in a revocable living trust or joint revocable trust will not be subject to probate.

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