Estate Planning (Wills & Trusts) & Probate
Estate planning is just one component of a financial plan. Accordingly, our Firm encourages its clients to approach estate planning from a financial planning perspective. By considering all aspects of financial planning, a person is able to consider more issues that may need to be addressed in an estate plan. Financial planning can generally be described as a coordinated plan for a person’s overall wealth preservation and financial affairs. Major components of a personal financial plan are estate planning, investment planning, insurance, retirement and tax planning. Areas of estate planning consist of trusts, wills, asset protection and probate of the decedent's estate.
Probate is the first step in the legal process of administering the estate of a deceased person, resolving all claims and distributing the deceased person's property under a will. A probate court decides the legal validity of a testator's will and grants its approval by granting probate to the executor. The probated will becomes a legal document that may be enforced by the executor in the law-courts if necessary. A probate also officially appoints the executor (or personal representative), generally named in the will, as having legal power to dispose of the testator's assets in the manner specified in the will.
Estate Planning & Probate includes: wills, trusts, irrevocable trusts, gifting, asset protection, business succession, probate of wills/intestate and administration of decedent’s trusts. Estate planning from simple estates to multi-million dollar estates with tax planning and gifting. Medicaid and long term nursing care planning. Guardianships and adoption.
Probate is the first step in the legal process of administering the estate of a deceased person, resolving all claims and distributing the deceased person's property under a will. A probate court decides the legal validity of a testator's will and grants its approval by granting probate to the executor. The probated will becomes a legal document that may be enforced by the executor in the law-courts if necessary. A probate also officially appoints the executor (or personal representative), generally named in the will, as having legal power to dispose of the testator's assets in the manner specified in the will.
Estate Planning & Probate includes: wills, trusts, irrevocable trusts, gifting, asset protection, business succession, probate of wills/intestate and administration of decedent’s trusts. Estate planning from simple estates to multi-million dollar estates with tax planning and gifting. Medicaid and long term nursing care planning. Guardianships and adoption.
