When you administer an estate, you must handle the estate’s assets. There are several possible ways of handling real estate that was owned by a decedent.
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Probate is the judicial process whereby a will is “proved” in a court of law and accepted as a valid public document that is the true last testament of the deceased, or whereby the estate is settled according to the laws of intestacy in the state of residence of the deceased at the time of death in the absence of a legal will.
When you administer an estate, you must handle the estate’s assets. There are several possible ways of handling real estate that was owned by a decedent.