NALA Certified Paralegal Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

The term "probate" specifically refers to the legal process of administering a deceased person's estate. This involves the validating of the deceased's will, if one exists, and overseeing the distribution of their assets according to their wishes or, in the absence of a will, according to state laws. During probate, the court will also address any debts or claims against the estate, ensuring that the deceased's affairs are settled properly. This process typically includes appointing an executor or administrator, inventorying assets, notifying creditors, and distributing the remaining assets to beneficiaries.

Understanding this process is crucial for anyone involved in the administration of estates, as it encapsulates the legal responsibilities and procedures that must be followed to ensure that a deceased individual’s last wishes are honored and that the estate is settled in compliance with applicable laws. The other options refer to distinct legal concepts that do not relate to the procedures surrounding the management of a deceased person's estate.