In real estate, what does the term 'probate' refer to?

The term 'probate' specifically refers to the legal process for settling a deceased person's estate. This process involves validating the deceased's will, if one exists, and administering their estate according to the law. During probate, the deceased's debts are settled, and the remaining assets are distributed to the beneficiaries or heirs. It ensures that all necessary legal steps are taken to honor the wishes of the deceased and provides a structured approach to handle estate matters, including any challenges that may arise regarding the validity of the will or claims from creditors. This legal framework helps to protect the rights of both the deceased and the beneficiaries, ensuring that assets are properly accounted for and distributed.