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Other Probate Terms You Might Be Interested In
Probate Sale

A probate sale is the sale of a deceased person’s property in cases where they died without leaving a will allocating the property to a

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Heir

An heir is a person entitled to inherit the property of a decedent. An heir is a person who inherits or expects to inherit property

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Statutory Will

Statutory wills follow the standard language contained in a state wills statute. Some states have a template and format for their wills and they can

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Pecuniary

Being in charge of managing a company’s finances is an important responsibility. It affects how much money employees will be able to take home every

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Marital exemption

A tax provision that allows an unlimited amount of property of one spouse to transfer to the other upon death without incurring estate or gift

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Blocked Account

A blocked account in probate refers to cash or securities that are placed in a bank subject to withdrawal upon court order. A blocked account

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