An estate is simply ownership in land or other property. If you own a home, have some savings, or own any goods such as a car or furniture, then you have an estate. Estate Planning is the process whereby a person develops a plan and prepares documents to safeguard, protect, and distribute estate assets before and after death for the benefit of loved ones and charities.
Elder Law includes medicaid planning and focuses on legal issues affecting elders, their spouse and/or their children, such as aging, disability, incapacity, illness, and long term care and nursing home planning.
Trust administration refers to a trustee’s management of trust property according to the trust document’s terms and for the benefit of the beneficiaries after the settlor’s death. Many steps are required to safeguard effective administration. It is recommended to work with an attorney to help facilitate the process for the trustee throughout the process.
Probate administration is the process by which the assets of a deceased person are gathered, creditors and taxes are paid, and the remainder of the estate is distributed to beneficiaries.
SPECIAL NEEDS TRUSTS
A special needs trust is created to ensure that beneficiaries who are disabled or mentally ill can enjoy the use of property which is intended to be held for their benefit.
REAL ESTATE CLOSINGS
A closing is the end of the long and tiring process of buying a house. It refers to the day you close the deal on a piece of real estate and on the mortgage to buy that real estate. It is the final transfer of money and keys. When scheduling the transactions, timing is everything, so your Florida real estate closing attorney will take into account your current living situations, mortgage considerations, work schedules and moving.
A guardianship is a legal proceeding where the court appoints a guardian to oversee the care and finances of an incapacitated person. A legal guardian is a person who has the legal authority (and the corresponding duty) to care for the personal and property interests of another person, called a ward.
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