Estate Planning

Probate

Definition

What is Probate?

The legal process of validating a will and authorising estate administration.

Example in practice

The executor obtains probate before transferring certain investments.

Keep learning

The property, investments, rights, and obligations left by a person at death.

Arranging ownership, beneficiaries, documents, and taxes for incapacity or death.

A legal document directing how a person's estate should be handled after death.

The tendency to feel losses more strongly than equivalent gains.

Think you know your investing terms?

Put your knowledge to the test with a quick quiz.