Clearbrook Trusts Lawyer, Minnesota, page 6

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Richard Morris
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7380 France Ave S. Suite 250 Edina, MN 55435» view map
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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
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Arlen R Larson

General Practice

Status: Suspended Licensed: 41 Years

CONTACT

Bagley, MN 56621

Edward H Rasmussen

General Practice

Status: In Good Standing Licensed: 64 Years

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Bagley, MN 56621

Don Bradel

General Practice

Status: Suspended Licensed: 39 Years

CONTACT

13199 Lorelei Drive, Bemidji, MN 56601

Joan Rustad Dufault

General Practice

Status: Suspended Licensed: 37 Years

CONTACT

423 Minnesota Ave, Bemidji, MN 56601

Christopher J. Leinen

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

6407 Tall Pines Rd NE, Bemidji, MN 56601

Christopher J. Leinen

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

6407 Tall Pines Rd NE, Bemidji, MN 56601

Armond D Brattland

General Practice

Status: Suspended

CONTACT

5608 Birchmont Drive N.E., Bemidji, MN 56601

John Gary Melbye

General Practice

Status: In Good Standing Licensed: 23 Years

CONTACT

2108 Stone Lake Road Sw, Bemidji, MN 56601

Patricia Jambois

General Practice

Status: Deceased Licensed: 43 Years

CONTACT

1228 30Th St Nw, Bemidji, MN 56601

Mary Kay C Klein

General Practice

Status: Retired Licensed: 44 Years

CONTACT

519 Anne Street, Bemidji, MN 56601

800-923-0641

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LEGAL TERMS

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

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).

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

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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Clearbrook Trusts Lawyer, Minnesota, page 6

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Arlen R Larson

Edward H Rasmussen

Don Bradel

Joan Rustad Dufault

Christopher J. Leinen

Christopher J. Leinen

Armond D Brattland

John Gary Melbye

Patricia Jambois

Mary Kay C Klein

TIPS

LEGAL TERMS

ADMINISTRATRIX

SUMMARY PROBATE

GRANTOR RETAINED INCOME TRUST

QTIP TRUST

OFFICER

HEIR AT LAW

LAPSE

ABSTRACT OF TRUST

BYPASS TRUST

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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