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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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Alvin Joseph Golden (Al)

Social Security, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 59 Years

CONTACT

400 W 15Th St, Austin, TX 78701

Ann Lyn Lumley

Wills, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 26 Years

CONTACT

1601 Rio Grande St, Austin, TX 78701

Ann Lyn Lumley

Wills, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 26 Years

CONTACT

1601 Rio Grande St, Austin, TX 78701

Karen Ashworth

Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 30 Years

CONTACT

2500 Bee Caves Rd, Austin, TX 78746

Karen Grace Ashworth

Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 30 Years

CONTACT

2500 Bee Caves Rd, Austin, TX 78746

Stephen Jody Helman

Wills & Probate, Real Estate, Trusts

Status: Inactive Licensed: 46 Years

CONTACT

301 Congress Ave, Austin, TX 78701

Elizabeth Gibson Deleery

Real Estate, Wills & Probate, Trusts, Estate

Status: Inactive Licensed: 33 Years

CONTACT

301 Congress Ave, Austin, TX 78701

Alifya Vasi Curtin

Administrative Law, Real Estate, Trusts, Civil Rights

Status: In Good Standing Licensed: 19 Years

CONTACT

301 Congress Avenue,, Austin, TX 78701

Patrick L. Delaune

Administrative Law, Real Estate, Trusts, Civil Rights

Status: In Good Standing Licensed: 29 Years

CONTACT

600 Congress Ave, Austin, TX 78701

Gail Dolores Nicholson

Family Law, Contract, Real Estate, Trusts

Status: In Good Standing Licensed: 27 Years

CONTACT

Austin, TX 78767

800-923-0641

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LEGAL TERMS

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

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.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

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

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.

DEED OF TRUST

See trust deed.

SAMPLE LEGAL CASES

In re Townley Bypass Unified Credit Trust

... Further, the Hawaii court quoted from a second edition of Scott's treatise on trusts. The same provision of that treatise is now found at IIA AUSTIN WAKEMAN SCOTT & WILLIAM FRANKLIN FRATCHER, THE LAW OF TRUSTS Â§ 158.1 (4th ed.1987): ...

Alpert v. Riley

... [1] Our disposition of the case remains unchanged. In this trust management dispute involving three separate trusts, Roman Alpert and Renee Picazo, Guardian of the Estate of Daniel Alpert, a minor (collectively, the beneficiaries), appeal the trial court's judgment. ...

Kennedy v. Hudnall

... This is an attempt to appeal from a post-judgment order. The plaintiffs below 522 were several trusts [1] (collectively, the Trusts) who, on February 14, 2007, had obtained a final judgment of just over $300,000.00 against Major Kennedy, Jr., for theft of timber. ...

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Cedar Creek Trusts Lawyer, Texas

Sponsored Law Firm

Law Office of Les Romo

SPONSORED LAWYERS

Alvin Joseph Golden (Al)

Ann Lyn Lumley

Ann Lyn Lumley

Karen Ashworth

Karen Grace Ashworth

Stephen Jody Helman

Elizabeth Gibson Deleery

Alifya Vasi Curtin

Patrick L. Delaune

Gail Dolores Nicholson

TIPS

LEGAL TERMS

NONPROBATE

TRUST DEED

CHARITABLE TRUST

GRANTOR RETAINED INCOME TRUST

ESTATE TAXES

INTESTATE SUCCESSION

SPECIAL ADMINISTRATOR

AB TRUST

DEED OF TRUST

SAMPLE LEGAL CASES

In re Townley Bypass Unified Credit Trust

Alpert v. Riley

Kennedy v. Hudnall

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