Intercession City Trusts Lawyer, Florida
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Cassandra L. Harris-starks
Other, Immigration, Trusts, Estate
Status: In Good Standing Licensed: 30 Years
1420 Celebration Blvd, Kissimmee, FL 34747
Profile LAWPOINTS™34/100
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Lawrence Joseph Barron
Trusts, Family Law, Contract, Credit & Debt
Status: In Good Standing Licensed: 28 Years
1835 Wedgewood Way, Kissimmee, FL 34746
Profile LAWPOINTS™22/100
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LEGAL TERMS
HEIR AT LAW
A person entitled to inherit property under intestate succession laws.
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.
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.
INTER VIVOS TRUST
The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'
SPENDTHRIFT TRUST
A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)
A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.
OFFICER
A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)
A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.
CONSERVATOR
Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)
Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.
PETITION
A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)
A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.
ADMINISTRATRIX
An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)
An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.
SAMPLE LEGAL CASES
Doe v. Doe
... [1] The trusts administered by the Trustees include class gifts to the grandchildren
of the settlors, Chester P. Doe, Jr. (Chester Jr.) and Eleanor Warren Doe (Eleanor). ...
I. THE FACTS. A. The Trusts. On June 28, 1988, Chester Jr. ...
Parker v. Shullman
... Each of these trusts had sub-trusts for her daughter Lauri and granddaughter Cassie.
Barbara designated 645 Shullman as the successor trustee of all of the trusts. ... When
Barbara died, Shullman became trustee of the trusts. ...
Timmons v. Ingrahm
... In his will, Frank Sr. created two trusts: the Timmons Family Trust ("Family Trust") and the
Timmons Marital Trust ("Marital Trust"). [1] The Timmons Family Trust was valued at $650,000. ...
Myrtle was the sole income beneficiary of the trusts during her lifetime. ...
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