Examlex
What are open-market operations?
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.
Uniform Probate Code
A set of laws intended to simplify the process of transferring assets upon death, and to standardize and modernize probate law across states.
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