Case Study: My Experience With Lawyers

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Distinguishing 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 process also determines deadlines for your appointed personal representative to meet for notifying your beneficiaries and creditors of your death and getting your assets transferred to the people indicated in your will. If you still have creditors and you have included them in your will, one of the benefits of probate is that the amount of time which your creditors will be collecting from your estate will be reduced to juts about four months instead of a year’s processing of unpaid debts. Real estate law is a procedural means of determining who may own and use the land and buildings in it, and the process details the following: categorizing if the real property is residential or commercial, including the manner of ownership, sole, conjugal, or corporate, and verifying how the real estate property is used, whether rented or personal, as well as establishing 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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Commercial law, which is also called business law or corporate law, is a system of legal procedures which is applied to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. The following scopes of application are covered by commercial law: 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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Before the creation of the Uniform Commercial Code (UCC), the administration of commercial law in each state was found to have conflicting interests from state to state, which resulted into a disruption of the flow of interstate commerce, thus, the UCC was provided for by a non-governmental body to standardize the statutes that are dealing with commercial, which allows each state is adopt.