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Trust Glossary

Probate - The process used to make an orderly distribution and transfer of property from a decedent to beneficiaries. Characterized by court supervision of property transfer, filing of claims against the estate by creditors and publication of a last will and testament. The primary purpose of a probate proceeding is to prove before a competent judicial authority that an offered document is the valid will of a decedent.


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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.






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