Olga Trusts Lawyer, Washington
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1-4 of 4 matches. Page 1 of 1
278 A, Friday Harbor, WA 98250
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Steven Victor Nelson
Land Use & Zoning, Real Estate, Trusts, Business
Status: Retired Licensed: 51 Years
1050 Larrabee Ave, Bellingham, WA 98225
Profile LAWPOINTS™36/100
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David C Cottingham
Real Estate, Trusts, Criminal, Corporate
Status: In Good Standing Licensed: 45 Years
103 E Holly, Bellingham, WA 98225
Profile LAWPOINTS™32/100
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Brian L. Hansen
Real Estate, Trusts, Elder Law, Family Law
Status: In Good Standing Licensed: 47 Years
412 N Commercial St, Bellingham, WA 98225
Profile LAWPOINTS™22/100
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LEGAL TERMS
FAMILY ALLOWANCE
A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)
A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.
STATUTORY SHARE
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.
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.'
KINDRED
Under some state's probate codes, all relatives of a deceased person.
GRANTOR RETAINED INCOME TRUST
Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)
Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).
INTESTATE SUCCESSION
The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)
The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.
PERSONAL PROPERTY
All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)
All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.
FINAL BENEFICIARY
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.
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.
SAMPLE LEGAL CASES
Jain v. JP Morgan Securities, Inc.
... 3 For the benefit of their children, Jain and his wife Anuradha established three trusts
for which Jain's brother served as trustee. Two ... certificates. Two of the trusts were entitled
to nearly one million shares, and the third to 500,000 shares. ...
BOARD OF TRUSTEES OF GLASSWORKERS & INDUSTRY HEALTH/SECURITY TRUST FUND v. BOOTH GLASS CO.
... In October 2006, the Board of Trustees of the Glassworkers and Industry Health & Security Trust
Fund, Western Glaziers Retirement Trust Fund, and Puget Sound Northwest Glaziers &
Glassworkers Apprenticeship and Training Trust Fund ("the Trusts") filed a complaint for ...
SEVEN v. STOEL RIVES, LLP
... The law firm of Stoel Rives, LLP, prepared a will for Resoff. The will appointed Seven and George
Steers, a lawyer at the firm, co-executors of his estate and co-executors of his testamentary trusts. ...
She sought damages and an equitable portion of several of the trusts. ...
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