How Last Will and Testaments are Approved thru Probate- an Insight

A Guardianship and Trust are the form of Last Will and Testament typically used by the parents of young minor (under 18) kids. Unlike a simple will, a Guardianship and trust allow you to state exactly where or to whom your assets will go and also allows for the naming of an Executor. It is very similar to the standard Wills but is a more legally binding document that ensures the future of your minor kids and provides for their safety. In general, a Will can only be executed upon the express written agreement of the person to whom it is being executed. A guardianship and https://www.georgiaprobateattorneys.net/trust provide that same protection to your minor kids without requiring the full written agreement of the people that would be getting the assets transferred.

Once the decedent has no one to claim his/her property or assets, the court appoints a “trustee” or “warden” to handle the decedent’s affairs in place of the decedent. An important distinction between guardianship and trust is that the latter does not need to be overseen by a court or involve court hearings explained a probate lawyer. In addition, in cases of extreme financial hardship, it may also be possible for a minor child to become the ward or beneficiary of another individual without involving a court. This is especially true if that individual is capable of paying and providing for the necessary expenses pertaining to the guardianship; or if the minor child has a close relationship with the decedent or has been in the decedent’s company.

 

It is very important that you hire an experienced and reliable guardianship and trust attorney if you are going through this process. A good attorney should be able to review your current estate plan and provide advice as to what steps to take in the event of your disability or death. They will also work with your doctor and your legal representatives to establish a guardianship trust. This is a legally binding contract that ensures the continuation of your children’s interests after your disability or death. A successful guardianship trust typically will pay a regular income and dividend to your beneficiaries.

 

The state of Texas has a simple trust statute that requires all trusts to be established on a day and date specified by the court. Any change in the date or name of the trust must be filed with the courts. In Texas, trusts must be filed with the Office of the Secretary of State in the state of Texas. A certified public accountant is required to file a document accompanied by an asset valuation certificate, when undertaking a probate action under the Texas intestate laws. This serves as proof that the value of the assets being protected has been accurately estimated. This is needed to ensure that the testator’s estate will be distributed as prescribed under Texas intestate laws.

 

Once the testator’s estate has been established, it will continue to be protected by Texas law. A Texas judge will consider any issues that arise within the estate during the course of the probate process. He may order a posthumous estate distribution. In this case, the deceased person’s will is immediately terminated upon death and his or her personal property is divided among the heirs. The court also has the right to determine how the property is to be dispersed.

If you need more assistance concerning Texas intestate laws or any other aspect of estate planning, you should contact an experienced attorney. An attorney can provide you with the information and guidance you need regarding your guardianship and will work with you to protect your interests.

When are Business Lawyers Needed?- Read Here!

Ever heard the term “Business Law“? No doubt, you have – at least if you are a business oriented person. Business Law is one of the sub-categories of Civil Law. A small business lawyer is responsible for dealing with all sorts of issues that affect small businesses, such as:

 

For example, there may be a legal dispute between two companies. The company, whose business it is may be manufacturing a certain type of product. In turn, there might be a rival manufacturing that makes that same type of product. If they clash, then it is the role of business lawyers to mediate the problem. They are also responsible for handling any disputes that arise out of any type of corporate transactions, including mergers and acquisitions, stock options, dividends, etc.

 

Now, there comes the important question. What does it matter whether a law firm is working in an office or out in the field? There is no real difference. Whether you work at home or in an office, corporate attorneys should still be there to represent your interests, no matter what.

 

Many times, there are unforeseen events that can completely ruin your business operations. When this happens, it is your small business lawyer who steps up to the plate and helps you get through the crisis, no matter how long it takes. In many cases, these lawyers are actually called upon to act as legal counsel for their client at the very point when the crisis occurs. This may not seem like a big deal, but if you consider the fact that you can lose your business or get sued for not paying the debt, then you really need the expertise of a good attorney at this time.

 

Even though you may feel like you are represented by an internal front, there are some cases where an external crisis hits your law firm and you need an attorney on your side at this critical time. As one of your best business attorneys will tell you, “A business lawyer should never allow an internal crisis to get by them.” There are many times when an internal crisis can be much more important than an external crisis. Your lawyers must keep in mind that they do not always have the best interest of their client at the very top of their list.

 

Finally, it is also important to remember that although your business needs a business attorney at a particular time, there are often other situations in which the services of an attorney are warranted. In many cases, your business may be at risk due to the actions of an unauthorized third party. If this happens, you are going to need the expertise of an attorney at this time, and that can only happen when your lawyer has taken care of other clients. Your attorney should always keep in mind that their role as business representative includes helping you when you are in crisis, not just when they are sitting in an office.