Alsen Estate Lawyer, North Dakota, page 2


J. Bruce Gibbens

Real Estate, Industry Specialties, Estate
Status:  In Good Standing           Licensed:  41 Years

Douglas Leo Broden

Government, Criminal
Status:  In Good Standing           Licensed:  39 Years

John W. Frith

Real Estate, Lawsuit & Dispute, Personal Injury, Accident & Injury
Status:  In Good Standing           Licensed:  55 Years

Michael N. Steffan

Lawsuit & Dispute, Estate, Bankruptcy, Accident & Injury
Status:  In Good Standing           Licensed:  47 Years

Jeb Donavan Oehlke

General Practice
Status:  In Good Standing           Licensed:  17 Years

Joseph Robert Vetsch

Employment, Criminal, Slip & Fall Accident, Medical Malpractice
Status:  In Good Standing           Licensed:  23 Years

Daniel Mack Traynor

Election & Political, Criminal, Insurance, Personal Injury
Status:  In Good Standing           

John T. Traynor

Estate
Status:  In Good Standing           

John Thomas Traynor

Estate
Status:  In Good Standing           

J. Thomas Traynor

Municipal, Wills & Probate, Estate Planning, Collection
Status:  In Good Standing           

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LEGAL TERMS

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)
A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)
(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

FAMILY POT TRUST

See pot trust.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)
A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.