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Probate
& Estate Administration Probate is the legal process by which a person's assets are distributed upon her or his death. Lawyers refer to the entity that owns the deceased's assets until those assets are distributed as an "estate." If you have a will, your estate may still have to be "probated". Likewise if someone passed away without a will, their estate may or may not need to be probated. Each person's estate is unique. We strongly suggest an office consultation to help you determine which course of action is in your best interest. Estate Administration Our estate planning utilizes and updates your current Will, considering whether a Trust or Foundation needs to be established by you for the benefit of your family and loved ones. To take care of
the immediate issues or those which are unforseen in a moment of crisis,
we also suggest that Power of Attorney documents be prepared. Health
Care Surrogate documents or Advanced Health Care Directives are vital
when the unexpected arises and you need to be absolutely certain that
somebody else is chosen or placed with the responsibility to make the
decisions concerning your health and future health care directives.
In addition, we also offer and suggest a living will. Our services can encompass the probate process as well as non-probate transfers of the deceased's assets. Individual state laws direct the probate court how to distribute the deceased's estate. State laws and procedures vary greatly, so, it is important to consult a firm with expertise in this area of the law to ensure that the deceased's assets are distributed correctly.
Estate Planning is the area dealing with the distribution of an individual's property at his or her death, taking into account
so as to gain maximum benefit of all laws and, at the same time, carrying out the person's wishes. Probate is the court proceeding through which a will is proved to be valid and the estate of a decedent is administered. The process, generally, includes:
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©
2002-2006, The Advisory Team
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