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William Faulkner
About | Practice Areas
Faulkner Law Offices, LLC
331 Washington Avenue Marietta, GA 30060» view map
Estate Law
Plan For Your Future In Life And Business

Let Stan Faulkner, lead counsel at Faulkner Law Offices, help with your family's estate plan or business law strategy. He can streamline the entire legal process for you.

800-793-1121
1. https://www.lawyer.com/imgup/m/ecae876fb446db326350115e8070920e.jpg William Faulkner
  Attorney at Law- GA, 2001
  Saint Louis University School of Law, J.D. 2001
2. AboutFaulkner Law
  Plan For Your Future In Life And Business
3. Practice AreasExpertise
  Estate Law
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W. Frank Ward

Estate, Trusts, Wills & Probate, Guardianships & Conservatorships

Status: In Good Standing

FREE CONSULTATION

CONTACT

324 Cherokee Street, N.E., Marietta, GA 30060

John Richard Peck

International Tax, Wills, Trusts, Business

Status: In Good Standing Licensed: 54 Years

CONTACT

125 Corn Crib Ct, Newnan, GA 30263

Thomas Noel Paynter

Tax, Trusts, Gift Taxation, Business & Trade

Status: In Good Standing Licensed: 31 Years

CONTACT

307 Sandalin Lane, Peachtree City, GA 30269

Thomas Noel Paynter

Trusts, Gift Taxation, Estate, Business

Status: In Good Standing Licensed: 31 Years

CONTACT

307 Sandalin Lane, Peachtree City, GA 30269

James C. Bussart

Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

4286 Bells Ferry Road, Kennesaw, GA 30144

Erik Broel

Wills & Probate, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 16 Years

FREE CONSULTATION

CONTACT

3417 Canton Road, Marietta, GA 30066

800-923-0641

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LEGAL TERMS

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

SUCCESSOR TRUSTEE

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

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

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.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

SAMPLE LEGAL CASES

Cronic v. Baker

... Subsequently, the Attorney General of Georgia brought suit against Cronic in superior court, contending that both Item III(4) and III(5) of the Will created charitable trusts and that Cronic breached his fiduciary duties by failing to fully fund them. ...

Hood v. Todd

... trustee of the respective residuary trust established for her benefit. No other trustees of any other potential trusts (other than a successor trustee) are named. Todd claims to be Buffington's biological daughter, asserting that she ...

PRICEWATERHOUSECOOPERS, LLP v. Bassett

... A Cobb County jury returned a $10 million verdict in favor of William Bassett as the trustee for four private trusts in the trusts' claim for negligent misrepresentation against the accounting firm Pricewaterhouse-Coopers, LLP ("PwC"), as the successor to Coopers & Lybrand, LLP ...

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Waco Trusts Lawyer, Georgia

Sponsored Law Firm

Faulkner Law Offices, LLC

SPONSORED LAWYERS

W. Frank Ward

John Richard Peck

Thomas Noel Paynter

Thomas Noel Paynter

James C. Bussart

Erik Broel

TIPS

LEGAL TERMS

TRUSTEE

SUCCESSOR TRUSTEE

TESTAMENTARY TRUST

ANCILLARY PROBATE

INHERIT

ENTITY

SUMMARY PROBATE

INTESTATE SUCCESSION

NONPROBATE

SAMPLE LEGAL CASES

Cronic v. Baker

Hood v. Todd

PRICEWATERHOUSECOOPERS, LLP v. Bassett

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