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Probate

Court proceeding by which a will is proved valid or invalid. Term used to mean all proceedings pertaining to the administration of estates such as the process by which assets are gathered; applied to pay debts, taxes, and expenses of administration; and distributed to those designated as beneficiaries in the will. Conducted in states courts.

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  • Part of Speech: noun
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  • Industry/Domain: Legal services
  • Category: Courts
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