Faribault County, MN Trusts Lawyers

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Richard Morris
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Morris Law Group PA
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
  We Are Experts In What We Do
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  Accident & Injury
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Not enough matches for Faribault Trusts lawyer.
Below are all Faribault lawyers.

Arthur M Albertson

General Practice

Status: Retired Licensed: 49 Years

CONTACT

209 W North Street, Kiester, MN 56051

Arvid L Wendland

General Practice

Status: In Good Standing Licensed: 59 Years

CONTACT

216 North Main Street, Blue Earth, MN 56013

Brian D Roverud

General Practice

Status: Retired Licensed: 43 Years

CONTACT

312 W 5Th Street, Blue Earth, MN 56013

Bruce Elliot Sellers

Real Estate, Employment, Business, Accident & Injury

Status: In Good Standing Licensed: 23 Years

CONTACT

825 E Second Street, Blue Earth, MN 56013

Charles K Frundt

General Practice

Status: Retired Licensed: 57 Years

CONTACT

117 West Fifth Street, Blue Earth, MN 56013

Christopher John Ubben

Estate Planning, Real Estate

Status: In Good Standing Licensed: 11 Years

CONTACT

117 W 5th St., Blue Earth, MN 56013

Daniel Lee Lundquist

Family Law, Elder Law, Corporate, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

117 W Fifth St, Blue Earth, MN 56013

David Francis Frundt

Power of Attorney, Immigration, Wrongful Termination, Medical Malpractice, State and Local

Status: In Good Standing Licensed: 26 Years

CONTACT

117 W 5Th Street, Blue Earth, MN 56013

Douglas L Richards

General Practice

Status: Deceased Licensed: 47 Years

CONTACT

1006 Highland Dr, Blue Earth, MN 56013

Douglas L Johanson

General Practice

Status: In Good Standing Licensed: 51 Years

CONTACT

9 North Main, Winnebago, MN 56098

800-923-0641

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LEGAL TERMS

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

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).

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

Someone who creates a trust. Also called a trustor or settlor.

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.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

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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Faribault County, MN Trusts Lawyers

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Arthur M Albertson

Arvid L Wendland

Brian D Roverud

Bruce Elliot Sellers

Charles K Frundt

Christopher John Ubben

Daniel Lee Lundquist

David Francis Frundt

Douglas L Richards

Douglas L Johanson

TIPS

LEGAL TERMS

INHERIT

TRUSTEE

GRANTOR RETAINED INCOME TRUST

GROSS ESTATE

GRANTOR

AB TRUST

DEVISEE

INCOMPETENCE

FINAL BENEFICIARY

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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