Decedent's Estate

A decedent's estate refers to all the assets and property owned by a person who has died. This includes money, real estate, investments, personal belongings, and any debts they might have had. After a person passes away, their estate is typically managed through a legal process called probate, where the court oversees the distribution of the assets according to the decedent's will or, if there is no will, according to state law. The estate also handles any outstanding debts before the remaining assets are passed on to the heirs or beneficiaries.