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Estate Planning and Administration

Estate law is the body of laws that governs the way a person’s estate is handled, both in their lifetime and also after they become deceased or incapacitated. A person’s estate is the sum total of all of their possessions, property, and non-tangible assets. The estate also includes debt and taxes on the property owned.

 

Estate law is a broad field of law that covers matters such as the following:

 

Estate Planning involves making provisions for the estate in the event that the person passes away or becomes incapacitated

 

Estate Administration is the actual handling and processing of a person’s estate after they have become deceased; this is usually overseen by an estate administrator appointed by the estate holder.

 

Lastly, estate laws can vary from state to state. These differences in law can come into play any time the person moves to a different area. In particular, state laws can be very different when it comes to the distribution of property to spouses, children, and other persons.

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