Hardin County, OH Trusts Lawyers, page 4

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Ronald Lasko
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R. Lasko Co. LPA, LLC
1406 W 6th St STE 200, Cleveland, OH 44113» view map
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1. Ronald Lasko Cleveland, OH
  Attorney at Law, OH
  Cleveland-Marshall College of Law, J.D. 1976
2. AboutR. Lasko Co. LPA, LLC
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Stephen Charles Veltri

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Status: Retired Licensed: 43 Years

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Status: In Good Standing Licensed: 50 Years

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Status: Inactive Licensed: 94 Years

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David John Schwemer

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Sherry Ann Young

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Pamela Audrey Mohr

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Anthony Ray Lambdin

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John Martin Tudor

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Status: In Good Standing Licensed: 62 Years

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Randy Lynn Crates

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Status: Inactive Licensed: 39 Years

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618 Kohler St., Kenton, OH 43326

Thomas Wayne Seeley

Lawsuit & Dispute, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

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109 E Franklin St, Kenton, OH 43326

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LEGAL TERMS

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.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

KINDRED

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

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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

... {Â¶ 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 ...

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Hardin County, OH Trusts Lawyers, page 4

Sponsored Law Firm

R. Lasko Co. LPA, LLC

SPONSORED LAWYERS

Stephen Charles Veltri

John Burke Neville

Carlos Ansley Faulkner

David John Schwemer

Sherry Ann Young

Pamela Audrey Mohr

Anthony Ray Lambdin

John Martin Tudor

Randy Lynn Crates

Thomas Wayne Seeley

TIPS

LEGAL TERMS

ALTERNATE BENEFICIARY

ADMINISTRATION (OF AN ESTATE)

TESTAMENTARY TRUST

ENDOWMENT INSURANCE

KINDRED

PROBATE

INTESTATE

INHERITANCE TAXES

GENERATION-SKIPPING TRANSFER TAX

SAMPLE LEGAL CASES

Pack v. Osborn

Bank One Trust Co., NA v. Scherer

Kormanik v. Cooper

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