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Pass real estate and other assets owned in joint tenancy to the surviving joint tenant. transfer bank accounts and securities registered in "payable on death" form to beneficiaries. transfer funds in IRAs and retirement plans to named beneficiaries.
Probate records are court records dealing with the distribution of a person's estate after death. Information recorded may include the death date, names of heirs, family members, and guardians, relationships, residences, inventories of the estate (including trade and household goods), and names of witnesses.
It issues legal documents which give people the authority to deal with the estate of someone who has died. The probate registry issue a grant of probate to an executor named in a Will. The probate registry also issue a grant of letters of administration when there isn't a valid Will.
Before distributing assets to beneficiaries, the executor must pay valid debts and expenses, subject to any exclusions provided under state probate laws.The executor must maintain receipts and related documents and provide a detailed accounting to estate beneficiaries.
Probated wills are public record, which means anyone can show up at the courthouse and view them in their entirety. A person who has reason to believe they might be included in a will may thus examine the will.