Which process grants ownership interest of an estate?

The process that grants ownership interest of an estate is probate. Probate refers to the legal procedure through which a deceased person's will is validated and their estate is administered. This process involves the distribution of the deceased's assets and ensures that debts, taxes, and other obligations are settled before the remaining property is transferred to the rightful heirs or beneficiaries outlined in the will.

During probate, the court verifies the authenticity of the will and oversees the entire process, which can include appointing an executor or administrator to manage the estate. This legal oversight is crucial in ensuring that the distribution of property occurs according to the wishes expressed in the will, thereby solidifying ownership interests in the estate for the beneficiaries.

Property valuation relates to determining the worth of an estate, acquisition refers to the act of obtaining ownership or control over property, and leasing involves renting property rather than transferring ownership. While all these concepts pertain to property, they do not establish the legal process through which ownership is granted specifically in the context of estate management.