Potts Camp Estate Lawyer, Mississippi

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Walter Alan Davis Lawyer

Walter Alan Davis

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Divorce & Family Law, Child Custody, Divorce, Accident & Injury, Wills & Probate

The law office of Dunbar Davis provides professional, competent and honest representation for their clients. John Dunbar and Walt Davis consistently s... (more)

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CONTACT

800-681-7510

Amanda Povall Tailyour

Estate, Business
Status:  In Good Standing           

Bradley Best

Other, Estate, Business
Status:  In Good Standing           Licensed:  29 Years

Brandon Collins Dixon

Tax, Litigation, Estate Planning, Business
Status:  In Good Standing           Licensed:  15 Years

Charles Julian Allen

General Practice
Status:  In Good Standing           Licensed:  14 Years

Charles Julian Allen

General Practice
Status:  In Good Standing           Licensed:  13 Years

Charles Julian Allen

General Practice
Status:  In Good Standing           Licensed:  13 Years

Cory Michael Williamson

Lawsuit & Dispute, Government, Estate, Business
Status:  In Good Standing           Licensed:  13 Years

Diala H Chaney

Lawsuit & Dispute, Intellectual Property, Estate
Status:  In Good Standing           Licensed:  20 Years

Don L Fruge

Tax, Estate Planning
Status:  In Good Standing           Licensed:  54 Years

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Lawyer.com can help you easily and quickly find Potts Camp Estate Lawyers and Potts Camp Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)
The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)
Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)
A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

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.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)
Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)
Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

CURATOR

See conservator.