TRUST, WILLS & PROBATE
Probate is the legal process whereby a will is "proved" in a court and accepted as a valid public document that is the true last testament of the deceased. The granting of probate is 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 living trust is simply a way to transfer assets to the trust during the trust creator's lifetime. One huge difference between a living trust and a will is that a will must go through probate, while a living trust doesn't. Probate is the process that transfers property upon a person's death.
Estate Management, Property Management, Mortgages
What is Estate Planning?
Estate Planning is the process whereby you create a calculated plan for the management and distribution of ones assets in the event of indisposition or death and also ) the carrying out of ones wishes with regard to care taking of the person or remains upon ones indisposition or death. Estate planning requires you to arrange all of ones assets and make specific determinations as to who one wants to receive the assets.. It requires one to evaluate the financial and tax consequences of those actions and prepare for them.
A corporation is a orgnaization or business which is formed by a group of people, and it has rights and liabilities separate from those of the individuals involved.
A shareholders' agreements amongst the shareholders or members of a company. In practical effect, it is analogous to a partnership agreement.
Business Corporate Formation, Entity & Shareholder Agreements
Business law is regulated by both state and federal law. The federal government primarily governs stocks and investments, workplace safety and employment laws, and environmental protections. States, however, can add to these federal laws and pass their own laws in other areas, such as imposing licensing requirements for certain professions and establishing rules for forming and running a legal business.
Business law focuses on the other aspects of business, including forming a company, mergers and acquisitions, shareholder rights, and property issues such as leasing office or warehouse space. A business that sells products will almost certainly need a lawyer with experience in both of these fields