Faribault County, MN Trusts Lawyers, page 2

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Richard Morris
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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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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

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117 W 5Th Street, Blue Earth, MN 56013

Troy Gene Timmerman

Real Estate, Government, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 30 Years

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Blue Earth, MN 56013

Bruce Elliot Sellers

Real Estate, Employment, Business, Accident & Injury

Status: In Good Standing Licensed: 24 Years

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825 E Second Street, Blue Earth, MN 56013

W Ward Smith

General Practice

Status: Suspended Licensed: 73 Years

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Bricelyn, MN 56014

James Snyder Hocker

General Practice

Status: In Good Standing Licensed: 73 Years

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42642 160Th St, Delavan, MN 56023

James M Loonan

General Practice

Status: Suspended Licensed: 65 Years

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Easton, MN 56025

Edward K Christian

General Practice

Status: Suspended Licensed: 42 Years

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Kiester, MN 56051

Arthur M Albertson

General Practice

Status: Retired Licensed: 49 Years

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209 W North Street, Kiester, MN 56051

Randel I Bichler

Bankruptcy & Debt

Status: Retired Licensed: 50 Years

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Wells, MN 56097

800-923-0641

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LEGAL TERMS

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

GRANTOR

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

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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, page 2

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Daniel Lee Lundquist

David Francis Frundt

Troy Gene Timmerman

Bruce Elliot Sellers

W Ward Smith

James Snyder Hocker

James M Loonan

Edward K Christian

Arthur M Albertson

Randel I Bichler

TIPS

LEGAL TERMS

REMAINDERMAN

TRUST DEED

ALTERNATE BENEFICIARY

FUNDING A TRUST

QTIP TRUST

BANKRUPTCY ESTATE

GRANTOR

RULE AGAINST PERPETUITIES

ABATEMENT

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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