What Is Probate and Administration?
Published on 17th August, 2016 by Desmond Ong
A person is able to handle his own financial matters when he is alive. When a person passes on, financial institutions, like banks and insurance companies, will not hand over the deceased person’s financial assets to just any person.
Probate and administration is the legal process through which a person (or several people) are appointed to manage the deceased person’s financial assets.