Johnston Trusts Lawyer, Rhode Island

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Jack D. Pitts

Trusts, Estate, Criminal, Bankruptcy
Status:  In Good Standing           

Nicole M. Labonte

Traffic, Trusts, Insurance, Bankruptcy
Status:  In Good Standing           Licensed:  19 Years

Gene M. Carlino

Commercial Real Estate, Trusts, Estate Planning, Elder Law
Status:  In Good Standing           

Gene M. Carlino

Commercial Real Estate, Trusts, Estate Planning, Elder Law
Status:  In Good Standing           

Jack D. Pitts

Trusts, Estate, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Rosanna Antonia Cavanagh

Estate, Corporate, Trusts
Status:  In Good Standing           Licensed:  20 Years

Carol E. Najarian

Real Estate, Wills & Probate, Trusts, Family Law
Status:  In Good Standing           

Renee A. R. Evangelista

Trusts, Estate
Status:  In Good Standing           

Renee A. R. Evangelista

Trusts, Estate
Status:  In Good Standing           

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LEGAL TERMS

DEED OF TRUST

See trust deed.

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.

LIFE BENEFICIARY

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

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)
A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)
(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

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.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

SAMPLE LEGAL CASES

Carrozza v. Voccola

... A. resulting Trusts, the 2002 Case. 1. ... 2. Resulting Trusts. The type of resulting trust in which plaintiffs allege the four disputed properties are held is known more specifically as a "purchase money resulting trust." George T. Bogert, Trusts § 74 at 266 (6th ed. 1987). ...

FLEET NAT. BANK v. Hunt

... Present: WILLIAMS, CJ, GOLDBERG, FLAHERTY, and SUTTELL, JJ. OPINION. Chief Justice WILLIAMS, for the Court. The appellants, Ronald Gay and Wylma Cooley (appellants), appeal from a Superior Court order directing the distribution of assets under two trusts. ...

Goddard v. Bank of America

... The Petitioners list themselves as "all known or unascertained beneficiaries of [the] Trusts." (Petitioner's Mem. ... (Exhibit I, tab A5, p.30; tab C2, p. 14.). • allow the committee to change the jurisdiction of the trusts. (Exhibit I, tab A5, p. 30; tab C2, p. 14). ...