An estate is the real and/or personal property a person possesses at death. Estate planning is the process of planning a client’s intended distribution of his estate while minimizing any estate and/or gift taxes on his estate property. This process also includes analyzing whether it is in the client’s best interests to avoid probate or not. Probate is the process of administering an estate through the court system. Estate planning may involve preparing a Will, Trus…
Wills are the most common way for people to state how their property and affairs should be distributed and handled after their deaths. A well-written will eases the transition for survivors by transferring property to whom the decedent intended, appointing an executor to handle the estate and taking care of other issues such as guardians for minor children. Wills vary from a basic document to more complex wills which may include a trust as well, depending on the es…
Probate is the legal process of administering someone’s estate after their death and resolving claims on their property, then distributing assets to the heirs of the decedent. All matters pertaining to the estate are filed with the Probate Court and subject to the Court’s supervision. An individual’s estate may pass testate (with a will) or intestate (without a will) through the Probate Court system.
This transaction involves a landlord and a tenant in a business setting. These leases are more complex than a residential lease. They may include varying durations, rental provisions, build outs, subrogation terms, adornment agreements and many other terms not found in a residential lease. A commercial lease may involve properties such as a warehouse, retail store, shopping mall or an industrial property. They may also include an option to purchase the real estate…