Elyria Trusts Lawyer, Ohio

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Peter Joseph Gauthier

Criminal, Dispute Resolution, Trusts, Civil Rights
Status:  In Good Standing           Licensed:  33 Years

Colton Orr

Trusts, Juvenile Law, Corporate, Intellectual Property
Status:  In Good Standing           Licensed:  3 Years

Cara Marie Finnegan

General Practice
Status:  In Good Standing           Licensed:  14 Years

Jennifer Tomechko

Family Law, Estate Planning, Trusts, Corporate
Status:  In Good Standing           Licensed:  8 Years

John Robert Miraldi

Personal Injury, Corporate, Trusts, Employee Rights
Status:  In Good Standing           Licensed:  38 Years

Yaa Bediako

Estate Planning, Criminal, Trusts
Status:  In Good Standing           Licensed:  2 Years

Jen Tomechko

Family Law, Trusts, Estate Planning, Corporate
Status:  In Good Standing           Licensed:  8 Years

David Churchill George

International, Estate, Trusts, Tax
Status:  In Good Standing           Licensed:  69 Years

Neil H Spike

Litigation, Wills & Probate, Trusts, Estate, Elder Law
Status:  In Good Standing           Licensed:  27 Years

Kristina Marie King

Estate, Estate Planning, Science, Technology & Internet, Trusts
Status:  In Good Standing           

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LEGAL TERMS

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)
A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

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).

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)
A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)
The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)
A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

SAMPLE LEGAL CASES

Pack v. Osborn

... Alternatively, the trustee requested that the trust be reformed to meet the current statutory and regulatory standards for trusts that are noncountable resources. [1]. ... Restatement of the Law 2d, Trusts (1959), Section 2, comment f. ...

Bank One Trust Co., NA v. Scherer

... Roger died in 1982. Pursuant to the trust agreement, Bank One was to form three trusts: one for Roger's son, Ronald; one for Roger's daughter, Linda Scherer Talbott; and one for Roger's surviving spouse, Betty J. Scherer. The ...

Kormanik v. Cooper

... {¶ 2} These appeals involve cases in which Kormanik, acting as appointed guardian for two individuals who were found to be incompetent, filed actions in the probate court seeking to have qualifying pooled special-needs trusts established, pursuant to Section 1396p(d)(4)(C ...