0:22 AM estate law | ||||
#Estate Planning and Trust Law. What is Estate Planning law? This area governs the laws, procedures and practices associated with planning for one�s estate in the event that he/she becomes incapacitated and for when he/she is deceased. It encompasses the roles and activities of Executors and Administrators ; creation and administration of Wills and Last Testaments ; Trusts and Living Trusts ; Probate ; Medical Powers of Attorney. DNR Orders and Advance Directives ; associated tax issues; and various other related topics. The laws governing most of these areas are created primarily on the state level and therefore vary greatly. The Uniform Probate Code (UPC) has sought to clarify, unify and modernize these laws throughout all the U.S states and D.C. but to date, only about 30% have completely adopted the Code, while some of the remaining state have only implemented parts of it. Estate related tax issues, such as gift tax laws and federal estate tax, and various college savings plans are regulated by federal as well as state laws. The Estate Planning Center on HG.org provides in depth coverage of estate planning law, with detailed definitions and links to various resources. In addition to the topics referenced above, our Estate Planning Center also offers resources, infomraiton and links covering the Fundamentals of Estate Planning ; Types of Wills and Testaments ; Types of Trusts ; Property That Does Not Pass Via a Will ; and Other Estate Planning Issues.
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