Owings Mills Trusts Lawyer, Maryland

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Larry Caplan

Landlord-Tenant, Real Estate, Trusts, Criminal
Status:  In Good Standing           Licensed:  44 Years

Neil Mark Levy

Corporate, Trusts, Real Estate, Commercial Real Estate
Status:  In Good Standing           Licensed:  40 Years

Harry B Turner

International Other, Trusts, Education, Elder Law
Status:  In Good Standing           Licensed:  43 Years

David S. Ostrow

Real Estate, Trusts, Commercial Bankruptcy, Bankruptcy
Status:  In Good Standing           Licensed:  42 Years

Stefanie M Stewart

Litigation, Patent, Trusts, Insurance
Status:  In Good Standing           

Lawrence D Adashek

Trusts, Estate Planning, Estate, Elder Law
Status:  In Good Standing           Licensed:  30 Years

Joseph Michael Schnitzer

Tax, Trusts, Gift Taxation, Corporate
Status:  In Good Standing           

Imtiaz Mehdi Jindani

Corporate, Elder Law, Trusts, Business & Trade
Status:  In Good Standing           Licensed:  17 Years

David Zerivitz

Family Law, Corporate, Trusts
Status:  In Good Standing           

Susan Flax Posner

Trusts, Gift Taxation
Status:  In Good Standing           Licensed:  43 Years

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LEGAL TERMS

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

DEVISEE

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

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)
Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)
To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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.

SAMPLE LEGAL CASES

Johnson v. Johnson

... George T. Bogert, The Law of Trusts and Trustees § 181 at 244-46 (Rev.2d ed.1979) (internal footnotes omitted). ... Once the shares were distributed into Trusts A and B, the Trust set forth how the Trustee was to hold, manage, and distribute the Trust. ...

Elder v. Smith

... Vol.), § 8-104 of the Estates and Trusts Article ("ET"). ... Again, the Estates and Trusts Article governs such claims, and there is nothing in that Article permitting a creditor with a pre-death claim to enhance the priority of its claim post-death. ...

Spry v. Gooner

... appellants lacked standing. The basis of the order was that appellants were not "interested persons" within the meaning of Maryland Code (2001 Repl.Vol., 2008 Supp.), § 1-101(i) of the Estates & Trusts Article ("ET"). Ralph Gooner ...