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Estate Planning Terms for Families

Losing a loved one is a challenging experience under any circumstances. Sadly, this painful time can be compounded if the deceased person hadn't adequately planned the distribution of his or her assets. The law surrounding this process, probate law, uses very specific language that may be confusing to regular people. Below are some commonly used terms families may hear lawyers use during the probate process.

  • Administrator - Distributes and/or cares for the assets of a person who dies without a legal will. The administrator is usually an attorney or law firm. He does everything from arranging care for children, to liquidating bank accounts. There is a significant difference between executors and administrators, though the terms are sometimes misused by the general public.
  • Estate - Every single asset owned by the deceased person. This term includes, but is not limited to, property, businesses and household items.
  • Executor - A person named in an estate plan by the deceased to oversee the execution of their will. The executor is usually an attorney, law firm or trusted friend.
  • Intestate - When a person dies without a will, their estate is considered intestate. Intestate estates are handled by administrators rather
  • Probate - Refers to the legal process of validating a will and formally appointing the executor named in the will. Testate - A person who has died with a valid will. Testate estates are overseen by executors rather than court appointed administrators.
  • Trust - Assets or property that are owned by a lawyer or person for another party until the estate is settled.
  • Will - A legal document describing how a person's assets should be distributed after they die. Wills are not considered legal until approved by a probate court.
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    National Assn. of Estate Planners and Councils
    Cleveland Oh, OH 44114
    Our professional will, trust, and estate planning attorneys make it easier for you to get the best advise and service. Find a reputable attorney near you with help from our nationwide association.
     
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    Marcus, Gould & Sussman, LLP
    222 Bloomingdale Rd Ste 304, White Plains, NY 10605
    Civil litigation lawyers focus their law practice in the areas of business law, real estate law, and trusts and estates. With a reputation for delivering the highest level of advice, counsel and representation.
    (914) 683-0090
    Kelly & Knaplund
    399 Knollwood Rd Ste 220, White Plains, NY 10603
    Family law attorney, divorce mediator, and collaborative divorce lawyer with skill and experience in settling child support matters, creating custody agreements, protecting assets and reducing debts.
    (914) 631-2657
    Einbinder & Dunn LLP
    104 W 40th St Fl 20, New York, NY 10018
    Einbinder & Dunn, LLP - Servicing clients in New York & Nationwide with legal concerns regarding real estate & franchise law.
    (212) 391-9500
    Rogers & Rogers
    4419 White Plains Rd # Frnt, Bronx, NY 10470
    (718) 994-1640
    Cooper Lawrence
    165 W 231st St, Bronx, NY 10463
    (718) 548-2100
    D'angelica & Bilski PLLC
    2705 Eastchester Rd, Bronx, NY 10469
    (718) 515-0300
    Corpina Piergrossi Klar & Peterman
    2344 Eastchester Rd, Bronx, NY 10469
    (718) 515-6000
    David J Babel Atty
    2525 Eastchester Rd, Bronx, NY 10469
    (718) 881-7964
    Law Offices of M Butler
    3445 Baychester Ave, Bronx, NY 10469
    (347) 627-9006
    Hertzberg Harry
    1526 Williamsbridge Rd, Bronx, NY 10461
    (718) 792-2847
    Park & Nguyen
    1809 Paulding Ave, Bronx, NY 10462
    (718) 892-9500
    Cavallo & Cavallo
    3394 E Tremont Ave, Bronx, NY 10461
    (718) 822-2203
    Robert R. Carpenter CPA, LLC
    345 Kinderkamack Rd Ste A, Westwood, NJ 07675
    (201) 781-5612
    Enea, Scanlan & Sirignano, LLP
    245 Main St, White Plains, NY 10601
    (914) 595-4081
    Vallely John
    934 Sheridan Ave, Bronx, NY 10451
    (718) 588-3100


    Estate planning attorneys work with various law firms around the country. These particular lawyers assist with handling estates or large properties and trusts for people. Many individuals acquire the representation of estate planning attorneys in order to have someone take care of their assets, land, and wills after they pass on. This way when the estate owner or property title holder dies, the lawyer can handle asset distribution, whether it be to family members and/or some charitable cause. It is common for elderly estate owners to have attorneys handle their businesses, taxes, trusts and assets after they pass on. This way the law professional can handle the living probate or official proving of the will, and deal with social security funds, property distribution, liabilities, and any financial aspects of an estate for the owner or client. If an estate owner is in compliance with the legal representation, the planning attorney can use his/her legal powers to provide protection for the estate and assets left behind. This is often done when someone has a disability or can no longer act on his or her own behalf. Law firms offer services like this, regardless of where you live in the United States. However, it is important to understand any liabilities, asset protection, and financial issues when hiring an estate planning lawyer. If you would care to learn more about estate planning attorneys, you should get in touch with local law firms for all of the answers to your questions. Make sure to ask specific questions that pertain to your individual needs.
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