Codicils
A codicil is a legal document used to make changes or additions to an existing will. It is executed with the same formalities as a will and must be signed and witnessed according to legal requirements.
Deeds
A deed is a legal document used to transfer ownership of real estate or property from one party to another.
Estate Plan
An estate plan is a comprehensive legal strategy that outlines how a person's assets and affairs will be managed and distributed during their lifetime and after their death. It typically includes documents such as wills, trusts, powers of attorney, and advance healthcare directives, tailored to the individual's goals and circumstances.
Family Limited Partnership/ LLC
A family limited partnership (FLP) or family limited liability company (LLC) is a legal structure used by families to manage and transfer wealth, often involving the ownership and management of assets such as real estate, investments, or business interests. It allows family members to pool their resources, retain control over assets, and provide for future generations while potentially reducing estate taxes and providing asset protection benefits.
Living Trusts
A living trust, also known as an inter vivos trust, is a legal arrangement established during a person's lifetime to hold and manage assets. The trust specifies how assets are to be managed and distributed during the grantor's lifetime and after their death, often bypassing the probate process.
Probate Administration
Probate administration is the legal process through which a deceased person's assets are distributed to their heirs and beneficiaries under the supervision of the court.
Probate Litigation
Probate litigation refers to legal disputes that arise during the probate process, often involving challenges to the validity of a will, disagreements over asset distribution, or claims against the estate by creditors or beneficiaries.
Testamentary Trust
A testamentary trust is a type of trust established in a person's will that only takes effect after the person's death.
Will
A will, also known as a last will and testament, is a legal document that outlines a person's wishes regarding the distribution of their assets and the care of their minor children after their death.