Beltrami County, MN Trusts Lawyers, page 5

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1. Richard Morris Edina, MN
  Attorney at Law- MN, 1974
  William Mitchell College of Law, J.D.
2. AboutMorris Law Group PA
  We Are Experts In What We Do
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Robert Enger

General Practice

Status: In Good Standing Licensed: 31 Years

CONTACT

215 4Th Street N.W., Bemidji, MN 56601

Ronald K Carpenter

Commercial Real Estate, Estate Planning, Corporate

Status: In Good Standing Licensed: 52 Years

CONTACT

201 Seventh Street N.W., Bemidji, MN 56601

William Peter Driscoll

General Practice

Status: Inactive Licensed: 48 Years

CONTACT

5050 Brinkman Drive N. E., Bemidji, MN 56601

Alfred Carl Schmidt

General Practice

Status: Suspended Licensed: 73 Years

CONTACT

Bemidji, MN 56619

Annie Pat Claesson-Huseby

Government, Business

Status: In Good Standing Licensed: 23 Years

CONTACT

600 Minnesota Avenue, Bemidji, MN 56601

Don Bradel

General Practice

Status: Suspended Licensed: 39 Years

CONTACT

13199 Lorelei Drive, Bemidji, MN 56601

Anne Marie Meredith-Will

General Practice

Status: Suspended Licensed: 35 Years

CONTACT

9025 Marcella Drive Ne, Bemidji, MN 56601

Ronald C Vroom

General Practice

Status: Retired Licensed: 52 Years

CONTACT

3700 Sherman Drive N.E., Bemidji, MN 56601

Margaret S Treuer

General Practice

Status: Retired Licensed: 47 Years

CONTACT

1388 Farmstead Lane N.E., Bemidji, MN 56601

Alfred C Schmidt

General Practice

Status: Retired Licensed: 72 Years

CONTACT

13718 Wildwood Road N.E., Bemidji, MN 56601

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LEGAL TERMS

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

TITLE COMPANY

A company that issues title insurance.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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

SAMPLE LEGAL CASES

US BANK NA v. Cold Spring Granite Co.

... Thomas Moore, Ann McCabe, and US Bank (Moores) are trustees of eight appellant family trusts (Moore Trusts) that brought suit against respondent Cold Spring Granite Company (CSG) and its chairman and CEO respondent Patrick D. Alexander after CSG stock belonging to ...

IN RE ROSCKES v. County of Carver

... intent to limit Medicaid to the financially needy, many individuals exploited a loophole in the Medicaid statute allowing them to attain Medicaid eligibility while preserving assets for their heirs by transferring their assets to irrevocable Medicaid-qualifying trusts (MQTs). ...

Swenson v. Bender

... Carlson v. SALA Architects, Inc., 732 NW2d 324, 331 (Minn.App.2007), review denied (Minn. Aug. 21, 2007). Fiduciary relationships arise when one person trusts and confides in another who has superior knowledge and authority. Id. at 330. ...

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Beltrami County, MN Trusts Lawyers, page 5

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Robert Enger

Ronald K Carpenter

William Peter Driscoll

Alfred Carl Schmidt

Annie Pat Claesson-Huseby

Don Bradel

Anne Marie Meredith-Will

Ronald C Vroom

Margaret S Treuer

Alfred C Schmidt

TIPS

LEGAL TERMS

AUGMENTED ESTATE

BEQUEATH

TITLE COMPANY

ENDOWMENT INSURANCE

ACCUMULATION TRUST

DISINHERIT

INTER VIVOS TRUST

SPENDTHRIFT TRUST

SPECIAL ADMINISTRATOR

SAMPLE LEGAL CASES

US BANK NA v. Cold Spring Granite Co.

IN RE ROSCKES v. County of Carver

Swenson v. Bender

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