![\"mfine](\"https:\/\/fineelderlaw.com\/wordpress\/wp-content\/uploads\/2023\/05\/mfine_probate.jpg\")
<\/p>\n<\/p>\n
Probate is a court-supervised process to set up an estate, manage the affairs of
\na deceased person and distribute their property. Typically when a person dies
\nwith a will, the executor or the heirs petition the Surrogate Court to have the
\nwill declared valid and to have the executor formally appointed to take care of
\nthe assets of the estate. Depending upon the property that is in the estate and
\nother requirements that might apply, the executor may have to pay the debts of
\nthe deceased person, take care of filing tax returns and paying the taxes, and
\npay out the remaining assets to the appropriate beneficiaries.<\/p>\n
\nWhile probate is a somewhat involved process, it is not the worst thing to be
\navoided at all costs, especially in New Jersey and New York. The executor
\nwill have some work to do, but can be compensated through executor
\ncommissions.<\/p>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
Probate is a court-supervised process to set up an estate, manage the affairs of a deceased person and distribute their property. Typically when a person dies with a will, the executor or the heirs petition the Surrogate Court to have the will declared valid and to have the executor formally appointed to take care of […]<\/p>\n","protected":false},"author":1,"featured_media":7664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39],"tags":[],"class_list":["post-7574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t