Estate planning… it is something no one really wants to think about, but everyone has to prepare for regardless. The thought of crafting and preparing a will is… well frankly, it is depressing. But that does not mean your estate should not be properly and legally prepared. Have you or your family discussed estate planning? Have you spoken and met with a probate attorney? Are you asking yourself what is a probate attorney? If you are, you might be a bit behind.
In summary, estate planning is the process of anticipating and arranging for the disposal of an estate during your life. That includes any assets, property, funds and other belongings. Estate planning consists of the will, trusts, beneficiary designations, powers of appointment, property ownership, gifts and powers of attorney concerning the involved parties. Probate is the process of legally establishing the validity of a will before a judicial authority. In case you were wondering, the word probate comes from the Latin probo or probare, which means to try, test, prove or examine. Probate could be a complicated legal process that does not have to be. Using proper estate planning tools and working with a probate law attorney will make everything easier for everyone.
So what is a probate attorney? They are the legal representative that will guide you through the estate planning process and ensure everything has legal standing and be executed properly. During the process of probate, executors of the will are guided in how and when to distribute assets. A probate also officially appoints the executor as having legal power to dispose of the assets in the manner specified in the will. A probate attorney will help guide a family or individual through this process and advise them at every step. They do not have to write the will or act as executor, but it is very wise to have one involved at all steps of estate planning to ensure legal validity. What is a probate attorney? Someone you can rely on to make what may be a distressing time in life a comfortable and worry free process.
Estate planning is something we will all have to face eventually. There are countless estate planning firms in every state that function to assist those in this situation. More estate planning information can be found by contacting your local estate planning and probate attorneys. Good references here: www.gillaw.com