Wills and Trusts are legal documents which outline your instructions for the distribution of your assets to beneficiaries upon your death. Deciding whether a Will or Trust best fits your circumstances depends upon your desires and your intentions as to distribution of your assets to your beneficiaries. A revocable or “living” trust is a recommended alternative to a simple Will as there are many advantages to a Trust being in place both during your lifetime and thereafter.
An Estate Plan allows you to have a coordinated, thought-out plan for your assets, your personal care, and your future. Once your overall plan is developed, then the necessary documents can be drafted to put that plan into action.
Probate is a court-supervised process for identifying and gathering the assets of a deceased person (decedent), paying the decedent’s debts and distributing the decedent’s assets to his or her beneficiaries. In general, the decedent’s assets are used first to pay the cost of the probate proceeding, then are used to pay the decedent’s outstanding debts, and the remainder is distributed to the decedent’s beneficiaries.
Elder law is an area of legal practice that places an emphasis on issues that affect the elderly with the two (2) major categories being:
(1) Estate Planning and Administration; and
(2) Medicaid, Disability and Long-Term Care Issues
Real estate law governs who may own and use land or real property which includes either residential or commercial real property. Whether you are the Seller or Buyer, essential aspects of the real estate transaction include the real estate contract, deed, mortgage, title search and title insurance, and closing.
Corporate law is an area of practice that includes the formations of corporations and limited liability companies (LLC), ensures the legality of commercial transactions relative to the purchase, sale and operation of a corporation and LLC, advising corporations and LLCs on their legal rights and duties, including the duties and responsibilities of either corporate officers or LLC members and managers.