Based in Mooresville, North Carolina, Cubby Bice drives financial planning solutions across a wide range of asset classes. Assisting clients with estate planning, Cubby Bice knows complex processes such as probate.
Probate is a process that addresses the unresolved financial and legal affairs after a death. As probate proceeds, the property is identified, cataloged, and ultimately appraised. If taxes or debt are outstanding, they are paid with a portion of the proceeds. Considering the variables of assets and legal obligations, probate can be complex and time-consuming, particularly when someone passes without leaving a valid will.
The probate court must ensure that the assets of the deceased are distributed according to state law. When a valid will does exist, the probate court oversees asset distribution per the deceased’s wishes.
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