An estate includes the real and personal property of an individual. When a person dies, their estate must be properly handled via the instructions in a last will and testament. Without a will, the state will handle the split of the property. Individuals who need to go through the planning process should learn as much as possible about Estate Planning Law in Nassau County NY. Knowing what to expect will help individuals to be properly prepared.
What Terms Should Individuals Know?
There are some terms individuals will need to know regarding Estate Planning Law in Nassau County NY. Understanding these terms will assist individuals in better understanding the process they will go through with estate planning.
- Intestate means a person died without having a will in place.
- Advance directive means a document that is considered a living will with a named durable power of attorney. In this document, the individual expresses how they want their property to be split.
- Probate means the legal process of transferring the property after the individual is deceased. Probate often occurs in the absence of a will or when a will needs to be proven in court.
- Real property means land, crops, and buildings. These are considered permanent components of the land.
- Inheritance means the act of inheriting personal or real property after being named as the beneficiary of the deceased.
How to Get Started
It is important individuals understand hiring an estate planning lawyer can make a big difference in how the process progresses. These lawyers are knowledgeable of the law and can help ensure their client’s will is legally binding and will hold up to scrutiny.
To get started, it is wise for an individual to schedule a consultation with the lawyer to learn more about these services and what is involved in the process. Those who want to learn how a lawyer can help them should Browse the Site. Call the office today if you would like to schedule a consultation appointment to get started. With the help of a lawyer, you will find it easier to make sure all your living will documents are in order.
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