Kismet Trusts Lawyer, Kansas

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Stanley Ausemus
About | Practice Areas
Stanley R. Ausemus, Chartered
413 Commercial P.O. Box 1083 Emporia, KS 66801» view map
Estate
Quality Legal Support and Counsel

The locally owned Stanley R. Ausemus, Chartered has a mission to provide quality legal support and counsel to its clients.

800-709-0390
1. Stanley Ausemus Emporia, KS
  Attorney at Law- KS, 1963
  University of Kansas School of Law, J.D.
2. AboutStanley R. Ausemus, Chartered
  Quality Legal Support and Counsel
3. Practice AreasExpertise
  Estate
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Tessa M. French

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LEGAL TERMS

DEVISEE

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

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

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.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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.

CREDIT SHELTER TRUST

See AB trust.

FAMILY POT TRUST

See pot trust.

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.

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.

SAMPLE LEGAL CASES

IN RE TRUST D UNDER LAST WILL OF DARBY

... 3017. FACTUAL OVERVIEW. On July 15, 1986, Darby executed his last will and testament, which established several trusts for the benefit of his daughters and sister. ... beneficiaries. See Restatement Third, Trusts Â§ 66, comment b, p. 494. ...

In re Wonder

... good friend. In pertinent part, the will provided: "I appoint Robert E. Wonder, my attorney, of Leawood, Kansas and my brother, Patrick Michael Dowling of Olathe, Kansas as Co-Trustees of the trusts herein created. If either or ...

EGGESON v. DeLUCA

... After Barbara signed a durable power of attorney in 1997 allowing John to create a revocable trust with dispositive provisions "substantially similar" to her 1987 will, John created revocable trusts for both him and Barbara that contained virtually the same asset distribution plan to ...

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Kismet Trusts Lawyer, Kansas

Sponsored Law Firm

Stanley R. Ausemus, Chartered

SPONSORED LAWYERS

Tessa M. French

Derek W. Miller

Jacob Patrick Fitzgerald

Jacob Patrick Fitzgerald

Richard R. Yoxall

Lynn Aaron Koehn

Grant C. Shellenberger

Aaron Joseph Gipson

Lane Landon Frymire

Nathan Andrew Mccaffrey

TIPS

LEGAL TERMS

DEVISEE

GRANT DEED

GENERATION-SKIPPING TRANSFER TAX

PROBATE COURT

BANKRUPTCY ESTATE

CREDIT SHELTER TRUST

FAMILY POT TRUST

SPENDTHRIFT TRUST

QTIP TRUST

SAMPLE LEGAL CASES

IN RE TRUST D UNDER LAST WILL OF DARBY

In re Wonder

EGGESON v. DeLUCA

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