Grady Perdue has assets worth $1,500,000 and has written a legal document that specifies that all of his money go to his children. After he dies, there is a legal process to determine whether his document specifying how his assets be divided is valid. This is also the legal process by which his executor manages and distributes his property. What is this legal process called

Question

Collin Bright

Business

23 April, 21:24

Grady Perdue has assets worth $1,500,000 and has written a legal document that specifies that all of his money go to his children. After he dies, there is a legal process to determine whether his document specifying how his assets be divided is valid. This is also the legal process by which his executor manages and distributes his property. What is this legal process called

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Answers (1)

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Deandre Vaughan · Answer 1

probate

Explanation:

Probate -

It is the legal procedure, where the will of any dead person is reviewed in order to regulate if the will is authentic or not, is referred to as probate.

The procedure is performed if any of the party has the doubt over the will, then the party has the right to take the will to probate.

Hence, from the given scenario of the question,

The correct answer is probate.