Difference between revisions of "Glossary for Being an Executor"

Glossary for Being an Executor (view source)

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 ;Probate: A legal procedure that confirms a will is legally valid and can be acted on. It allows financial institutions and others to rely on the will as being the last will made by the deceased.
-;Probate fees: In addition to any fees payable to commence a probate proceeding, a fee based on the value of the estate must be paid to the court before the grant of probate will be issued.
+;Probate fees: In addition to any fees payable to begin a probate application, fees must be paid to the court based on the value of the estate before a grant of probate will be issued.
 ;Renounce: To decline an appointment as executor.