Bakersfield Estate Planning Lawyer, California, page 2

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Timothy J. Doherty
About | Practice Areas
Law Office of Timothy J. Doherty
10 Crater Lake Ave Medford, OR 97504» view map
Estate Law
Experience You Can Trust

The topic of wills and trusts can be confusing, but my job is to help you decide what’s right for you. Call me to set up a free consultation.

800-878-0640
1. Timothy J. Doherty Medford, OR
  Attorney at Law- OR
  Empire College School of Law, J.D. 2012
2. AboutLaw Office of Timothy J. Doherty
  Experience You Can Trust
3. Practice AreasExpertise
  Estate
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Includes: Gift Taxation

Stephen H. Boyle

Tax, Gift Taxation

Status: In Good Standing

CONTACT

1430 Truxtun Ave, Bakersfield, CA 93301

Kevin Mark Danley

Agriculture, Estate Planning, Water, Employment, Business

Status: In Good Standing Licensed: 21 Years

CONTACT

1800 30Th Street, Bakersfield, CA 93301

Chris Hamilton

Estate Planning

Status: In Good Standing

CONTACT

1800 30Th Street, Bakersfield, CA 93301

Kevin Campbell Findley

Tax, Trusts, Gift Taxation, Employee Rights

Status: In Good Standing Licensed: 45 Years

CONTACT

10000 Stockdale Highway, Bakersfield, CA 93311

Anton Labrentz

Estate Planning, Federal Appellate Practice, Business, Trusts, Estate

Status: In Good Standing Licensed: 19 Years

CONTACT

1626 19Th St, Bakersfield, CA 93301

Joseph Stephen Pearl

Trusts, Estate Planning, Bankruptcy, Wills

Status: In Good Standing

CONTACT

1400 Chester Avenue, Bakersfield, CA 93301

Anna Ferran Wells

Divorce & Family Law, Estate, Divorce, Estate Planning

Status: In Good Standing Licensed: 13 Years

CONTACT

1430 Truxtun Ave, Bakersfield, CA 93301

Diane Sue Messer Dodds

Wills, Trusts, Gift Taxation, Estate Planning

Status: In Good Standing Licensed: 49 Years

CONTACT

1930 18Th St, Bakersfield, CA 93303

Andrew Christopher Smith

Estate Planning, Commercial Real Estate, Trusts, Estate, Wills

Status: In Good Standing Licensed: 14 Years

CONTACT

Bakersfield, CA 93386

Joshua Gowell Wilson

Estate Planning, Federal Appellate Practice, Business, Trusts, Wills

Status: In Good Standing Licensed: 25 Years

CONTACT

Bakersfield, CA 93303

800-923-0641

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LEGAL TERMS

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

SAMPLE LEGAL CASES

Murphy v. Murphy

... The probate court has discretion, circumscribed by the statutory scheme, to order a "substituted judgment" that authorizes a conservator on behalf of a conservatee to take necessary or desirable action to facilitate estate planning, when a reasonably prudent person in the ...

In re Estate of Young

... her lawyer at the time, Dennis Burns. Mr. Burns represented her for 15 years for estate planning purposes and a bankruptcy of one of Young's businesses, Green Thumb Nursery. In the 1991 estate plan, Charles was expressly ...

Chang v. Lederman

... 2. The Law Regarding Liability for Negligence in Estate Planning to Intended or Potential Beneficiaries. ... Nevertheless, the attorney prepared new estate planning documents that fundamentally changed the plan and made a substantial gift to Michael. ...

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Bakersfield Estate Planning Lawyer, California, page 2

Sponsored Law Firm

Law Office of Timothy J. Doherty

SPONSORED LAWYERS

Stephen H. Boyle

Kevin Mark Danley

Chris Hamilton

Kevin Campbell Findley

Anton Labrentz

Joseph Stephen Pearl

Anna Ferran Wells

Diane Sue Messer Dodds

Andrew Christopher Smith

Joshua Gowell Wilson

TIPS

LEGAL TERMS

WILL

SPENDTHRIFT TRUST

POWER OF APPOINTMENT

SPECIAL ADMINISTRATOR

BENEFICIARY

CREDIT SHELTER TRUST

RESIDUARY BENEFICIARY

DOWER AND CURTESY

RULE AGAINST PERPETUITIES

SAMPLE LEGAL CASES

Murphy v. Murphy

In re Estate of Young

Chang v. Lederman

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