Craven County, NC Estate Planning Lawyers
Includes: Gift Taxation
SPONSORED LAWYERS
1-2 of 2 matches. Page 1 of 1
John W. King
Wills & Probate, Estate Planning, Corporate, Business Organization
Status: In Good Standing
310 Craven Street, New Bern, NC 28563
Profile LAWPOINTS™45/100
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Jonathan Eric Friesen
Agriculture, Credit & Debt, Estate Planning, Business & Trade
Status: In Good Standing
405 Middle St, New Bern, NC 28560
Profile LAWPOINTS™34/100
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LEGAL TERMS
PETITION
A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)
A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.
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.
INVESTOR
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.
CERTIFIED COPY
A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)
A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.
STATUTORY SHARE
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.
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.
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.
PREDECEASED SPOUSE
In the law of wills, a spouse who dies before the will maker while still married to him or her.
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.
SAMPLE LEGAL CASES
HIGH POINT BANK AND TRUST COMPANY v. SAPONA MANUFACTURING COMPANY, INC.
... to the defendant corporations; (3) Sapona made the same tender offer again in 2000; and (4)
Mrs. Simmons wanted the proceeds of the purchased shares to benefit her adult son, Bo, and
she expressed her belief to the trust officer in charge of her estate planning, Ms. Elizabeth ...
Mileski v. McConville
... contends the executors of Ms. Mileski's estate had knowledge of his claims against the estate
because they knew or should have known that the transfer of his assets to Ms. Mileski's name
was unauthorized and that Ms. Mileski breached the joint estate planning agreement. ...
HIGH POINT BANK & TRUST CO. v. SAPONA MFG.
... to the defendant corporations; (3) Sapona made the same tender offer again in 2000; and (4)
Mrs. Simmons wanted the proceeds of the purchased shares to benefit her adult son, Bo, and
she expressed her belief to the trust officer in charge of her estate planning, Ms. Elizabeth ...
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