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Trusts and Estates

The law of trusts and estates is the body of law which governs the disposition of property in the event of a person's death and in anticipation of the event of a person's death. An estate is comprised of the tangible assets of real and personal property which belong to a person, whereas trusts and wills are the most commonly used legal instruments for the distribution of the tangible assets of a deceased person. Before property can be disposed of pursuant to the terms of a will, the will must be submitted to a probate[?] court which takes jurisdiction of the estate of the deceased. In striking contrast, trusts can and usually do accomplish their objectives of property distribution without coming under the jurisdiction of a court.

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