Elmer died and left a will. Before his estate can be distributed according to his wishes, it must go through probate.
The entirety of a person's net worth, including all real estate, personal property, investments, cash, and other assets that the person owns or controls, makes up their estate.
Simply defined, an estate plan is a more comprehensive strategy for managing your assets that may be used both during and after your life. Contrarily, a will specifies your estate's distribution, the guardian for your minor children, and other matters.
When an estate's assets are completely in the deceased person's name, probate is required. To put the beneficiaries' names on the estate's assets, a will must be proved valid.
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