"Life insurance is not subject to probate court." What Does This Mean and Why Does It Matter? a. Life insurance only pays the named beneficiaries after the court says it's OK. b. Life insurance cannot be used to pay debts. c. Life insurance pays your beneficiaries directly, giving them immediate access to cash, even while your estate remains unsettled for months or years. d. Probate court is not a real thing. Comment A, B, C, or D below! Probate can tie up an estate for months. Sometimes even ye

Are you familiar with probate? Our provider lawyer explains it below. #LegalShield | LegalShield

What Is Probate & Why Should You Know About It? Probate is a court-supervised process that takes place after someone passes away to handle their estate—this can include real estate, bank accounts, and other assets. Through probate, the court:�• Confirms the validity of a will (if one exists)�• Takes inventory and assigns value to assets�• Settles outstanding debts and taxes�• Distributes remaining assets to heirs If there’s no will, state law determines who receives what. Simply put:�Probate mea