Estate Law
A person's estate includes everything that person owns at any given time, whether solely or jointly owned with a spouse or partner. An estate can include anything from property to patents, bank accounts, stocks, or pension plans - as well as debts from taxes, loans, and liens.
Estate Law is the body of law governing the management of personal affairs and how property is distributed in the event of incapacity or death. In some states it also includes elder law dealing with elder specific issues beyond estate planning such as long-term care and Social Security benefits.
Estate Law includes:
- Estate Planning
- Wills
- Trusts
- Probate
- Inheritance
- Living Trusts
- Living Wills
- Trust Administration
- Conservatorships
Estate Law Term of the Day
Heir
An heir is the person who is designated to take ownership of a decedent's land, property, real estate, life insurance proceeds, living trust, IRA funds, 401(k) account, stocks, securities, cash or other assets at the time of death.
Category: Estate Law
Latest Estate Law Question
How do I cash a check as someones power of attorney?
Power of attorney will give you certain rights to act on another person's behalf.
Category: Estate Law
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