What is Probate and Estate Planning?
Probate:
The legal process through which a deceased person’s estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid. The court oversees the process to ensure that the estate is properly administered.
Estate Planning:
Estate Planning is the act of putting together a financial plan that will constitute a document like a will and manage your estate after your death or incapacitation.