Examlex
In the context of social work practice, which of the following statements is true of preparatory reviewing?
Estate Accounting
The process of preparing and managing the financial records of an individual's estate following their death, including the calculation of assets, liabilities, and distribution to heirs.
Probate
The legal process through which a deceased person’s will is validated and the estate is settled, involving distribution of assets and payment of debts.
Dies Intestate
A legal term describing a situation where a person passes away without having made a valid will, thus leaving their estate to be distributed according to the laws of intestacy.
Legacy
Assets or money passed on to heirs in a will, or a system/software inherited from the past.
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