Probates, Wills and Trusts

Probates, Wills and Trusts

Losing a loved one is painful. Coping with the loss and also having to deal with their property and debts can be overwhelming. The practice area of Probates, Wills & Trusts deals with what happens to a person’s property and debts after they are gone.

Probates

Probate is the legal process through which a deceased person’s property is properly distributed to their heirs, and any debts are paid off. In general, probate property is distributed according to the decedent’s last will and testament. But if there is one, as is very common in the CNMI, the property is distributed according to the Probate Code enacted by the CNMI Legislature.

Probate issues are among the most sensitive for a family, and disputes between family members are both common and distressing. The issues that can come up in a probate run the gamut from disputes involving wills, trusts estates and bequests, to paternity suits, guardianship and conservatorship. The Dotts Law Office has experience representing the broad spectrum of interested parties in such matters including individual claimants, beneficiaries, executors, and administrators. The Dotts Law Office aims to resolve such problems as discreetly and as privately as possible, and through litigation when necessary.

Wills

Having a will can make a probate go much smoother for your family members after you are gone. A will simply sets forth what you want done with your property, and who you want to handle the probate. There are, however, some formal rules that must be followed to make your will valid. The Dotts Law Office can help with the preparation of your will.

Trusts

A “trust” is like a corporation in some ways. It is a legal entity that can hold property for the benefit of family members or a charity. A trust is a device used in estate planning that you can discuss with an attorney to see if it is right for you and your family.