Probate is the legal transfer of a deceased person’s assets to any party or entity designated to receive the deceased person’s assets. Probate assets are titled in a person’s sole name upon death, outside of a Trust instrument and without any successorship rights expressly designated to other person(s). Claims by creditors or parties against the deceased individual are often settled from the proceeds of the probate estate. If a person dies with a Last Will, his/her assets are transferred pursuant to the Last Will’s provisions. If a person dies without a Last Will (known as “intestate”), the state’s probate laws covering intestate estates will determine who receives the deceased’s assets.