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Overwhelmed by the Complexity of Attorneys? This May Help

Knowing about the Probate and Will Process, Real Estate Law, and Corporate Law When your will is being established in court to determine its authenticity, this process is known as probate, and this procedure usually takes time, as well as expensive, to prove the legitimacy of the will, which also includes ascertaining that your assets are fittingly distributed to your heirs and creditors; however, if your will has been properly worked out such that it is updated, the probate process can be fast and less expensive. The probate process also requires your appointed representative to comply with set deadlines for him/her to inform your beneficiaries and creditors of your death, as well as for him/her to process the transfer of your assets to your beneficiaries and creditors. One of the benefits of probate is that the amount of time to which your creditors with unfiled claims against you can collect from your estate will be shortened to just a few four months. The process of determining and administering over who may own and use the land and the buildings in it is referred to as real estate law, and in its guided process, the following course of action is included: determining if the real property is residential or commercial, as well as the type of ownership, whether sole, conjugal, or corporate, and determining how the real estate property is used, rented or personal, at the same time, ascertaining if the purchase of the land was properly transacted and documented, including ownership of the land, , whether owned solely, corporate or pass between family members through estate planning. Furthermore, concerns such as compliance to the local zoning laws and environmental protection are also addressed in the proceedings of real estate law.
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When the rights, relations, and conduct of persons and businesses, who are engaged in commerce, merchandising, trade, and sales, are being presented through legal proceedings, the component of law that is being applied to is referred to as commercial law, which can also be called business law or corporate law. The application of commercial law covers a wide range of concentration, such as: principal and agent, carriage by land and sea, merchant shipping, guarantee, marine, fire, life, and accident insurance, bills of exchange/negotiable instruments/contracts and partnership. Commercial law may also intervene in standardizing regulations with regards to corporate contracts, hiring practices, and the manufacture and sales of consumer goods.
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Because of the varying interpretations and administration of statutes of commercial law in each state, this resulted into conflicting interests, which were indirectly causing a disruption on interstate commerce; therefore, a non-governmental body took the initiative of establishing the Uniform Commercial Code (UCC) to remedy the situation, and which established a standardized set of statutes dealing with commercial law, of which each state is free to adopt and use.