Walton Estate Lawyer, Oregon, page 2

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Jacy F. Arnold

Estate Planning, Family Law, Juvenile Law, Business Organization
Status:  In Good Standing           Licensed:  23 Years

Scott C Schultz

Estate, Civil & Human Rights
Status:  In Good Standing           Licensed:  29 Years

Patricia Lockary Chapman

Real Estate, Intellectual Property, Trusts, Business
Status:  In Good Standing           Licensed:  42 Years

Clayton M Tullos

Lawsuit & Dispute, Estate, Divorce & Family Law, Criminal
Status:  In Good Standing           Licensed:  12 Years

Clay W Stephens

Estate, Employment, Divorce & Family Law, Corporate
Status:  In Good Standing           Licensed:  14 Years

Janice L Mackey

Wills & Probate, Estate, Contract, Business Organization
Status:  In Good Standing           Licensed:  24 Years

Robert Cole Tozer

Federal, Estate Planning, Guardianships & Conservatorships, Elder Law
Status:  In Good Standing           Licensed:  39 Years

Janice E Hatton

Social Security, Trusts, Estate, Elder Law
Status:  In Good Standing           Licensed:  34 Years

Karrie Katherine Mcintyre

Living Wills, Divorce, Child Custody, Divorce & Family Law
Status:  In Good Standing           Licensed:  25 Years

Joel K Ford

Real Estate, Estate, Divorce & Family Law, Business
Status:  In Good Standing           Licensed:  15 Years

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LEGAL TERMS

CREDIT SHELTER TRUST

See AB trust.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

CURATOR

See conservator.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)
A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)
A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

SURROGATE COURT

See probate court.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)
A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)
A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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.