What is estate law?

The term "estate" consists of all the property a person owns or controls, whether in his or her sole name, held in a partnership, in a joint ownership arrangement, or through a trust, and all other monies that would be generated on the person's death, such as through life insurance. Contact the nearest Estate Planning Lawyer and obtain a free case evaluation. These laws include the following: • (1) real property and things attached to it (houses, buildings, barns, etc.) • (2) all personal property (including automobiles, bank accounts, stocks and bonds, mutual funds, stock options, cash, furniture, jewelry, art, collectibles, etc.) • (3) all businesses and business interests (sole proprietorships, partnerships, corporations, joint ventures, and the goodwill, inventory, tools and equipment, accounts receivable, and other business property, etc.) • (4) powers of appointment (the right to direct who gets someone else's property) • (5) life insurance and annuity contracts, pension ...  more

Estate law is the branch of legal matters that is concerned with dealing with distributing a person's property after they die. A person's estate is made up of all the property owned by them -- individually or in partnership with one or more others -- at the time of their demise and includes the following: • real property (home, cottage, or other buildings) • personal property (bank accounts, investment accounts, car, furniture, • jewelry, and valuable collections) • proceeds from a life insurance policy • IRAs and annuities • any debts owing at the time of death If the deceased owned a business, his or her interest in that enterprise would also be included in the estate. The business interest is made up of any real estate owned by the business, equipment, tools, accounts receivable, and goodwill built up while the business was operating. Estate law is concerned with planning for the day when the person's estate will pass to heirs under the individual's will and with estate planning. ...  more

(An Answer) Estate Law comprises two (2) aspects. Estate Planning involves the planning of one's affairs and final wishes during life. Estate Administration involves the settling of one's affairs after death). Both aspects are very crucial - please know what you are doing and why you are doing it.  more

Estate law controls the disposition of a deceased person's belongings and dependents after their death. If the deceased had a well thought-out estate plan, the process can be made much smoother and easier on grieving relatives. Drafting a successful plan may involve meeting with an attorney who can assist you with drafting the necessary documents in such a way that they will be more likely to hold up in court.  more