Wayne Trusts Lawyer, Pennsylvania, page 2

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Richard H. Morton
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Ryan, Morton & Imms, LLC
220 West Gay Street West Chester, PA 19380» view map
Estate and Business Law
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1. Richard H. Morton West Chester, PA
  Attorney at Law, PA
  Widener University School of Law, J.D. 1984
2. AboutRyan, Morton & Imms, LLC
  The Lawyers on Your Side
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  Estate Law
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John A. Terrill

Wills & Probate, Trusts, Estate Planning, Divorce & Family Law

Status: In Good Standing Licensed: 48 Years

CONTACT

1001 Conshohocken State Road, Conshohocken, PA 19428

Elizabeth H. Hyams

Elder Law, Estate Planning, Guardianships & Conservatorships, Trusts

Status: In Good Standing

CONTACT

30 Cassatt Avenue, Berwyn, PA 19312

Kevin Armand Milligan

Tax, Real Estate, International Tax, Trusts

Status: In Good Standing Licensed: 29 Years

CONTACT

King Of Prussia, PA 19406

Alissa Gorman

Trusts, Real Estate

Status: In Good Standing

CONTACT

Berwyn, PA 19312

Elizabeth Zwaan

Trusts

Status: In Good Standing

CONTACT

Berwyn, PA 19312

Michael Breslow

Trusts, Estate Planning

Status: In Good Standing

CONTACT

309 Washington St Apt 2110, Conshohocken, PA 19428

Carolyn Meisel

Trusts, Real Estate

Status: In Good Standing

CONTACT

309 Washington St Apt 2110, Conshohocken, PA 19428

Louis Pierre Teillon

Estate Planning, Estate Administration, Trusts

Status: Retired Licensed: 56 Years

CONTACT

100 4 Falls Corporate Ctr Ste, Conshohocken, PA 19428

800-923-0641

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LEGAL TERMS

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

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).

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

SAMPLE LEGAL CASES

Petow v. Warehime

... In 1988, Alan created two voting trusts, one with his children and the other with his five grandchildren. Alan was designated as the sole voting trustee for both trusts. By their terms, both trusts were due to expire in 1998, ten years after their creation. ...

In re Estate of Stephano

... Instead, the court relied on the subsequently created Restatement of Trusts as instructing that Blechstein's position â€” that a trust was created for her benefit â€” was correct. ... See Restatement (First) of Trusts Â§ 10 ("An equitable charge is not a trust."). ...

City of Phila. v. CUMBERLAND COUNTY BD.

18 A.3d 421 (2011). CITY OF PHILADELPHIA, Trustee Under the Will of Stephen Girard, Deceased, Acting by the Board of Directors of City Trusts v. CUMBERLAND COUNTY BOARD OF ASSESSMENT APPEALS, Appellant. No. 1725 CD 2010. ...

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Wayne Trusts Lawyer, Pennsylvania, page 2

Sponsored Law Firm

Ryan, Morton & Imms, LLC

SPONSORED LAWYERS

John A. Terrill

Elizabeth H. Hyams

Kevin Armand Milligan

Alissa Gorman

Elizabeth Zwaan

Michael Breslow

Carolyn Meisel

Louis Pierre Teillon

TIPS

LEGAL TERMS

FUNDING A TRUST

INHERIT

GRANTOR RETAINED INCOME TRUST

BANKRUPTCY ESTATE

ADMINISTRATION (OF AN ESTATE)

HEIR AT LAW

SPRINKLING TRUST

TRUST MERGER

EXEMPTION TRUST

SAMPLE LEGAL CASES

Petow v. Warehime

In re Estate of Stephano

City of Phila. v. CUMBERLAND COUNTY BD.

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