A probate lawyer is an individual who maintains the filing of the last will of a deceased person. In simple words, a probate lawyer is an estate or a trust lawyer. A trust lawyer is a certified person who has complete knowledge of legal etiquettes. People only think about finding a probate lawyer only when there is some dispute regarding financial assets or property. Or people do not consult an estate lawyer until someone has passed away. One of the main reasons for which we hire a probate lawyer in Newport Beach is to establish, a last testament of a deceased person.
Preparing a will is may be a daunting task. There is need to seek help from professional lawyers who are experienced enough to solve your disputes. It is very important to hire a well experienced lawyer because it takes a lot of knowledge to handle legal issues. A probate lawyer takes charge of all your legal matters, including preparation of a will, the distribution of assets, property or wealth, providing financial aid to your family members and many more. A well organized estate plan offers several benefits. Some of the major benefits are as follows:
- It allows you to appoint an estate executor for your assets or property. It allows you to hire a guardian for your children upon your death. It protects your business and personal assets. It allows the company to be transferred to a heir. It determines who will be the nominee for your assets whether it is your spouse, children, other family members or a charitable institution.
People often think that estate planning is all about maintaining the last will and testament. But, estate planning is much more than just preparing a will. Undoubtedly, it is an essential part of the estate plan. In addition to a trust, will, estate planning also includes living will, durable power of attorney, living trust, and power of attorney. All such documents are prepared in probate litigation Newport Beach.
Living Will has no power after death. It is a document that will inform your loved ones about your wishes in the event of a terminal illness in case it becomes impossible to communicate their decisions.
Durable Power of Attorney, a written document wherein, the principal person appoints another person to act as an agent on his behalf.
Living Trust, a legal document prepared by you during the lifetime. Just like a will, it also tells about your desires in respect to your executors, your assets and your dependants.
Power of Attorney, a written authorization that allows you to hire an individual who will act on your behalf. He will be authorized with the power to take decisions in private affairs, business issues, or some other legal matters. That person can even check or sign legal documents on your behalf.
The probate lawyer in Newport Beach support their clients throughout the legal matters. Hire the best one who will stand by you in every situation.