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Formal probate is a court process that allows the Personal Representative to transfer the property of a person who died to the persons who are supposed to receive it with more court involvement.
by FreeAdvice staff. Probate is the legal process in which the estate of a deceased person is settled, so that all outstanding debts are paid and properties are distributed to the heirs. It is not uncommon for probate to take two years or longer.The only time the process may be quick, is when the gross value of the estate is relatively smallâ$100,000 or less, for example, depending on the state.In those cases, each state has some type of expedited probate procedure that may take just a few months to complete, and is generally inexpensive.robate is the legal process in which the estate of a deceased person is settled, so that all outstanding debts are paid and properties are distributed to the heirs.