Assertion: probate's asset | /r/HasProperty | distributed to heir
Facets:
value: in general terms
type: MANNER
value: by the court
type: OTHER
value: through the probate process
type: MANNER
value: in a timely manner
type: MANNER
Source sentences:
text: One of the aims of estate planning is often to avoid the probate process in order to have assets distributed to heirs in a timely manner.
text: Probate is the legal process through which a deceased person’s debts are paid and assets are distributed to their heirs or designated beneficiaries via a court process.
text: Once creditors, taxes, and fees have been paid on behalf of the estate, any remaining money or assets are distributed to heirs.
text: Some assets are distributed to heirs by the court (probate assets) and some assets bypass the court process and go directly to your beneficiaries (non-probate assets).
text: An inventory is prepared by the Personal Representative, debts are paid (if properly presented to the court), and remaining assets are eventually distributed to heirs or beneficiaries.
text: However, in general terms, through the probate process, a deceased individual’s estate and assets will be distributed to heirs and creditors.