Lawyers - Wills Estates Trusts & Probate in Money
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Helpful Definition for: Lawyers - Wills Estates Trusts & Probate
Wills, Estate and Trust law in Money is a set of rules and regulations set by the government to dispose of property of an individual in the event of his or her death. Probate is a process wherein the property of the deceased is administered as per the will. The core responsibility of a lawyer in this field is to draft a will and prepare necessary documents. Along with this, the lawyer has to maintain a healthy relationship with the wealth manager of the client wherein he can take necessary advice in regards to financial planning, investments, etc. The lawyer is required to have an appropriate law degree along with experience and a valid license. In the event of death of the client, the lawyer is required to notify the creditors, to distribute the assets of the executor, etc.
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