Elde Law covers an area of legal practice that places an emphasis on those issues that affect the growing aging population. Elder Law specializes in areas of law that involve representing, counseling, and assisting seniors, and their families in connection with a variety of legal issues, from estate planning to long term care issues, with a primary emphasis on promoting the highest quality of life for the individuals.
Nearly everyone has an Estate. Your estate is comprised of everything you own; your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions to name a few. Estate planning enables you to control how those things are given to the people or organizations you care most about.
Probate is a legal document that represents 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 or surrogate court then decides the legal validity of a testator’s will and grants its approval, also known as granting probate, to the executor. The probate will then become a legal instrument 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 testator’s will.
Trust Preperation and Administration
A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.
Since trusts usually avoid probate, your beneficiaries may gain access to these assets more quickly than they might to assets that are transferred using a will.
The death of a loved one is a deeply emotional time, and we understand that the last thing you want to deal with is the paperwork and time associated probate and trust litigation. We are there to review and file all documents that need to be submitted to for your Probate hearing in order to ensure a swift transition during this time.
Real Estate consists of owned land and the buildings on it. Real estate law governs who may own land and its properties. We will review the house’s transaction history and title to ensure that the house is able to be sold and that no past owners will come back claiming to still own the house. We will also advise homeowners regarding their mortgaging options. As well as help review the contract of sale to provide you with the best possible outcome.
Wealth and Asset management is delivered to high-net-worth investors. This includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Wealth management as an investment-advisory discipline incorporates financial planning, investment portfolio management and a number of aggregated financial services. high-net-worth individuals, small-business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management.