Trusts and Estates; Estate Proceedings
Careful and considered asset protection and planning for your and your loved ones futures
Everyone needs an estate plan. There is the very common misconception that you need to be a “wealthy” individual in order to have an estate. “Wealth” is a relative term and it is simply not true.
We have all worked hard for what we have, no matter how little or how much, and we would want it to end up in the right hands. Not having the proper estate planning documents could prove to be a very costly legal and financial error for you and your family. And let’s not forget our health, because estate planning deals with that too.
At a minimum an estate plan consists of a Last Will and Testament, a document which becomes effective at death, Advance Directives (i.e. a Health Care Proxy, a Living Will, and Power of Attorney) which are documents that become effective during your life but at incapacity (physical, psychological and/or neurological).
In some cases, it is beneficial to consider the creation of one of more Trusts, for “holding” certain types of property. A Trust, if properly drafted, can also offer you and your family the proper legal protection. An added bonus is that Trusts bypass
The Law Offices of Veronica Escobar can also help you address all of your concerns, by closely evaluating your particular life circumstances and tailoring the estate plan to your needs.
Probate, in simplest terms, is the Court process by which a properly executed Last Will and Testament is given full force and effect under the law and the deceased's wishes can be carried out.
An Estate Administration, on the other hand, is the option available when the decedent (deceased) left no Last Will and Testament behind and there are assets that need to be distributed to heirs. Both of these proceedings are carried out in Surrogate’s Court.
As an experienced litigator, Veronica can guide you through the steps required in an estate proceeding.