Probate – this legal term is used in the area of Inheritance Law, where it has two different meanings, depending of its usage:
– It details the whole procedure of administering the inheritance pot of decedent people. It includes the procedure of making a personal will a valid one – via registering a will and administering the inheritance pot per the provisions of the will (depending of the local legislation). The inheritance pot includes the valuable probate assets that have to go through probate process, which will resolve all claims by heirs (and other interested parties) and will share the deceased person’s assets under the provisions of their personal will. A synonym is “bequest”.
– “probate” is the name of the formal certificate given by a court that certifies that a will has been proven, validated and registered and which, from that point on, gives the executor the legal authority to execute the will.