People spend their entire lives acquiring “property.” A farm can be large or small. It consists of savings accounts, checking, and any investment accounts that a person may have, as well as all the property they own, including personal and personal property.

Most people have “personal property.” Personal property is everything a person owns: a mobile home, furniture, paintings, a car, a collection of coins, his clothes, etc. Those people who own their homes instead of renting them own “real estate.” Real or “real” property refers to the land and permanent structures (houses, barns, etc.) built on that land.

After working so hard to develop a property (even if you didn’t really know that’s what you were doing!) It would be an absolute tragedy to see some or all of it disappear from the hands of your family once you pass away. .

A real estate attorney can help you prevent that from happening.

A real estate attorney performs many functions to help clients protect their assets and make sure they end up where the client wants them to go.

Drafting of will

One of the main functions a probate attorney performs is to help a client write their will. A will is imperative in this age. If you don’t put in writing where you want each piece of your estate to go, from personal property to real property, a court in your state will decide for you … and will charge your heirs a large amount of money (it could go up to thousands of dollars) for the privilege. It will also take much longer than if you leave a will.

Building a trust

An alternative to a will is to create a trust. With a trust, all of your assets are placed in one account, and then you appoint a “trustee,” a person you trust, who will disburse the funds when appropriate. Trust is important if young children are involved. The funds they will inherit can be disbursed when they reach a certain age, rather than when they are too young to properly handle money. A probate attorney, if so commissioned, can also act as a “protector” of the trust if he so desires.

Advanced Health Care Guidelines

More familiarly known as a “living will,” this document guarantees that your wishes will be honored, regarding your own health, should you suffer an accident that leaves you incapacitated or if you develop a disease such as Alzheimer’s, for example, that it will leave you incapacitated. affect your ability to make decisions for yourself about resuscitation, for example.

Probate

When a person dies, the estate must be divided as he or she wishes (if a will or trust was created) or as the court wishes (if there was no will or trust). This is called a succession. Probate is a legal process that has to go through the Court (and, of course, the fees must be paid to the Court).

A real estate attorney gives you peace of mind

53% of Americans have a will. That is an incredibly low percentage. Many young people don’t care about wills, since they didn’t care about health insurance. However, accidents happen every day and it is imperative that even young people plan for the future and all eventualities.

A real estate attorney can help you.