Creamery Trusts Lawyer, Pennsylvania

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Brian Levine
About | Practice Areas
Levine Law, LLC
22 E Grant St New Castle, PA 16101» view map
Estate and Real Estate Law
3rd Generation Law Firm

Levine Law aims to create the most direct, simple, and common sense approach to achieve the client's desired end result.

800-711-7881
1. Brian Levine New Castle, PA
  Attorney at Law- PA
  West Virginia University College of Law, J.D. 2005
2. AboutLevine Law, LLC
  3rd Generation Law Firm
3. Practice AreasExpertise
  Estate Law
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M. Rust Sharp

Wills & Probate, Trusts, Estate Planning

Status: In Good Standing

CONTACT

100 Four Falls, Conshohocken, PA 19428

David M. Brown

Tax, Litigation, Trusts, Estate Planning

Status: In Good Standing

CONTACT

100 Four Falls, Conshohocken, PA 19428

Lois Murphy

Estate Administration, Estate Planning, Trusts

Status: In Good Standing

CONTACT

100 Four Falls, Conshohocken, PA 19428

Dawn Meyer

Gift Taxation, Estate Planning, Trusts

Status: In Good Standing

CONTACT

100 Four Falls, Conshohocken, PA 19428

Marlyn F. Smith

Wills & Probate, Trusts, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

40 East Airy Street, Norristown, PA 19404

Kevin Armand Milligan

Tax, Real Estate, International Tax, Trusts

Status: In Good Standing Licensed: 29 Years

CONTACT

King Of Prussia, PA 19406

John A. Terrill

Wills & Probate, Trusts, Estate Planning, Divorce & Family Law

Status: In Good Standing Licensed: 48 Years

CONTACT

1001 Conshohocken State Road, Conshohocken, PA 19428

Margaret E. W. Sager

Estate Administration, Trusts, Estate Planning, Divorce & Family Law

Status: In Good Standing Licensed: 39 Years

CONTACT

1001 Conshohocken State Road, Conshohocken, PA 19428

Whitney Patience O'Reilly

Wills, Estate Administration, Trusts, Estate

Status: In Good Standing Licensed: 11 Years

CONTACT

120 Gay St, Phoenixville, PA 19460

Amy Sosnov

Trusts, Real Estate, Elder Law

Status: In Good Standing

CONTACT

Norristown, PA 19401

800-923-0641

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LEGAL TERMS

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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).

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

FUNDING A TRUST

Transferring ownership of property to a trust.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

SURROGATE COURT

See probate court.

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

Petow v. Warehime

... In 1988, Alan created two voting trusts, one with his children and the other with his five grandchildren. Alan was designated as the sole voting trustee for both trusts. By their terms, both trusts were due to expire in 1998, ten years after their creation. ...

In re Estate of Stephano

... Instead, the court relied on the subsequently created Restatement of Trusts as instructing that Blechstein's position â€” that a trust was created for her benefit â€” was correct. ... See Restatement (First) of Trusts Â§ 10 ("An equitable charge is not a trust."). ...

City of Phila. v. CUMBERLAND COUNTY BD.

18 A.3d 421 (2011). CITY OF PHILADELPHIA, Trustee Under the Will of Stephen Girard, Deceased, Acting by the Board of Directors of City Trusts v. CUMBERLAND COUNTY BOARD OF ASSESSMENT APPEALS, Appellant. No. 1725 CD 2010. ...

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Creamery Trusts Lawyer, Pennsylvania

Sponsored Law Firm

Levine Law, LLC

SPONSORED LAWYERS

M. Rust Sharp

David M. Brown

Lois Murphy

Dawn Meyer

Marlyn F. Smith

Kevin Armand Milligan

John A. Terrill

Margaret E. W. Sager

Whitney Patience O'Reilly

Amy Sosnov

TIPS

LEGAL TERMS

INVENTORY

GROSS ESTATE

GRANTOR RETAINED INCOME TRUST

NONPROBATE

IN TERROREM

FUNDING A TRUST

RESIDUARY BENEFICIARY

SURROGATE COURT

SPECIAL ADMINISTRATOR

SAMPLE LEGAL CASES

Petow v. Warehime

In re Estate of Stephano

City of Phila. v. CUMBERLAND COUNTY BD.

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