Probate is the legal process that takes place after a person dies. In Indiana, the Probate Court handles all matters regarding the deceased's estate. The Probate process includes:
- Opening an estate on behalf of the deceased
- Validating the deceased's will
- Paying off creditors and debts
- Identifying beneficiaries
- Distributing assets
There are many other responsibilities and duties that are involved in the Probate process. Probate has many downsides and is generally considered costly, time-consuming and best avoided for most people.
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Alternatives to Probate
There are many alternatives available for people who wish to avoid having to go through the Probate process. Many assets may be able to be transferred after a person has passed on through a number of means much faster and cheaper than if they were transferred through Probate.
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Click here to learn more about Guardianships.