Wills and Probate
Definition of Wills and Probate as it relates to Real Estate, Real Estate Management, Estate Planning
"Wills and Probate" in the hierarchy of "Real Estate/Real Estate Management/Estate Planning" refers to the legal processes surrounding the distribution of an individual's assets after their death, with a particular focus on property-related matters. This includes the creation of wills, which specify how an individual's real estate and other assets should be distributed, as well as the probate process, which involves the validation and execution of a will by a court. It is an essential aspect of Estate Planning as it ensures that an individual's wishes regarding the disposition of their property are carried out in accordance with their desires and the law.