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Les Romo
About | Practice Areas
Law Office of Les Romo
102 West Morrow Street Suite 202 Georgetown, TX 78627» view map
Estate Law
Helping You Understand Your Options

Attorney Les Romo can help protect your interests and resolve your legal issue in the best possible way. Attorney Romo is dedicated to vigorously representing his clients.

800-769-7481
1. Les Romo Georgetown, TX
  Attorney at Law - TX, 1979
  St. Mary's University J.D. 1979
2. AboutLaw Office of Les Romo
  Helping You Understand Your Options
3. Practice AreasExpertise
  Estate Law
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2. Email
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Includes: Gift Taxation

Russell Amsberry

Civil Rights, Estate Planning, Administrative Law, Family Law, Employment

Status: In Good Standing Licensed: 30 Years

FREE CONSULTATION

CONTACT

1370 Pantheon Way, San Antonio, TX 78232

William T. Hall

Civil Rights, Estate Planning, Contract, Wills & Probate

Status: In Good Standing Licensed: 57 Years

CONTACT

1243 Canyon View Rd, Dripping Springs, TX 78620

Rahul Balkrishna Patel

Commercial Real Estate, Litigation, Gift Taxation, Business & Trade

Status: In Good Standing Licensed: 20 Years

CONTACT

2030 N Loop 1604 W, San Antonio, TX 78248

Margaret M. Priesmeyer-Masinter

Adoption, Child Custody, Divorce, Estate Planning

Status: In Good Standing

FREE CONSULTATION

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4154 Swans Landing, San Antonio, TX 78217

J. Michael Wilkes

Government, Wills, Gift Taxation, Non-profit

Status: In Good Standing Licensed: 50 Years

CONTACT

14 Great Wood, San Antonio, TX 78232

Douglas Gerard Deffenbaugh

Income Tax, Corporate Tax, Commercial Real Estate, Gift Taxation

Status: In Good Standing Licensed: 32 Years

CONTACT

14350 Northbrook Dr, San Antonio, TX 78232

William N. Hickey

International, Wills, Gift Taxation, Estate

Status: Inactive Licensed: 52 Years

CONTACT

7910 Sendero Ridge Dr, Boerne, TX 78015

Gregory A. Lehrmann

Commercial Real Estate, Oil & Gas, Industry Specialties, Gift Taxation

Status: In Good Standing Licensed: 42 Years

CONTACT

6205 Bernia Drive, Austin, TX 78739

Elizabeth Ann Turner

Gift Taxation, Tax

Status: In Good Standing Licensed: 44 Years

CONTACT

518 State Highway 46 E, Boerne, TX 78006

Peter Joseph Parenti

International, Wills, Gift Taxation, Estate

Status: In Good Standing Licensed: 51 Years

CONTACT

20 Carriage Hills, San Antonio, TX 78257

800-923-0641

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LEGAL TERMS

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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.

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.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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Canyon Lake Estate Planning Lawyer, Texas, page 5

Sponsored Law Firm

Law Office of Les Romo

SPONSORED LAWYERS

Russell Amsberry

William T. Hall

Rahul Balkrishna Patel

Margaret M. Priesmeyer-Masinter

J. Michael Wilkes

Douglas Gerard Deffenbaugh

William N. Hickey

Gregory A. Lehrmann

Elizabeth Ann Turner

Peter Joseph Parenti

TIPS

LEGAL TERMS

TRUST DEED

PRETERMITTED HEIR

DISINHERIT

SPECIFIC BEQUEST

SPENDTHRIFT TRUST

SURVIVING SPOUSE'S TRUST

LIVING TRUST

AB TRUST

POWER OF APPOINTMENT

SAMPLE LEGAL CASES

Smith v. O'DONNELL

In re Townley Bypass Unified Credit Trust

In re Estate of Henry

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