probate
41Probate Court — The segment of the judicial system primarily charged with handling such matters as wills, estates, conservatorships and guardianships, as well as the commitment of mentally ill persons to institutions designed to help them. In addition, the court …
42probate price — In the UK, the price used to assess the value of shares for inheritance tax purposes. The probate price is calculated by dividing the difference between the bid and offer prices by 4 and adding the result to the lower of the 2 prices. Exchange… …
43probate value — A valuation of all the assets included in the estate of a deceased person at the date of his or her death, taking account of any restrictions on the use of the assets. A probate value is agreed with the Inland Revenue for the purpose of… …
44probate court — pro′bate court n. law a special court with power over administration of estates of deceased persons, the probate of wills, etc • Etymology: 1720–30 …
45probate court — /ˈproʊbeɪt kɔt/ (say prohbayt kawt) noun a special court limited to the administration of estates of deceased persons, the probate of wills, etc …
46probate court — A court exercising jurisdiction in probating wills and in matters of administration of decedents estates, guardianships, absentees, etc. 20 Am J2d Cts § 32. It is generally considered that probate, orphans and surrogate courts are courts of… …
47probate estate — The estate of a decedent in probate …
48probate fee — See probate duty …
49probate judge — The judge who presides in a probate court …
50probate jurisdiction — A special jurisdiction for the probate of wills, the appointment of executors, administrators, guardians, and committees, the approval of the accounts of such fiduciaries, etc., sometimes exercised by a separate court, at other times by a… …
