Probate and estate planning are legal processes that help distribute an estate upon an individual’s death. Probate refers to the process of distributing assets in order to settle outstanding debts, while estate planning is simply the process of outlining how an estate will be distributed upon a person’s death.
Because probate and estate planning deal with an individual’s assets, there are often several legal instruments that must be settled before the future of an estate is finalized. Advanced health care directives offer firm instructions to healthcare providers in the event an individual suffered from a medically incapacitated or vegetative state. Wills provide instruction for the distribution of assets and property, while a living trust outlines who will manage property in the event of an individual’s death. A conservatorship allows the court to handle the management of an estate if a person is incapacitated.
About the Author
Douglas Borthwick is an attorney in Orange County, California. Along with probate and estate planning, Doug Borthwick and his fellow lawyers offer a range of litigation and transactional law services. Visit http://www.freemanborthwick.com to find out more information about the firm.
This site is designed for general information only. The information presented should not be construed to be formal legal advice or the formation of a lawyer/client relationship.