Bethpage Estate Lawyer, Tennessee
285 Canoe Branch Lndg, Castalian Springs, TN 37031
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John R. Phillips
Litigation, Wills & Probate, Divorce & Family Law, Business
117 East Main Street, Gallatin, TN 37066
Profile LAWPOINTS™32/100
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William Brian Stephens
Estate Planning, Family Law, Juvenile Law, Criminal
Status: In Good Standing Licensed: 31 Years
126 E Main St, Gallatin, TN 37066
Profile LAWPOINTS™19/100
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657 S Water Ave, Gallatin, TN 37066
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Sue Hynds Dunning
Estate, Divorce & Family Law, Bankruptcy & Debt
Status: In Good Standing Licensed: 39 Years
109 Public Square, Gallatin, TN 37066
Profile LAWPOINTS™19/100
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125 Public Square, Gallatin, TN 37066
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125 Public Square, Gallatin, TN 37066
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119 Public Square, Gallatin, TN 37066
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William Lloyd Moore
Estate Planning, Family Law, Elder Law, Criminal
Status: In Good Standing Licensed: 42 Years
119 Public Square, Gallatin, TN 37066
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116 Public Sq, Gallatin, TN 37066
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TIPS
Lawyer.com can help you easily and quickly find Bethpage Estate Lawyers and Bethpage 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
BEQUEATH
A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'
LIFE INSURANCE
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays... (more...)
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays a regularly scheduled fee, known as the insurance premiums. The purpose of life insurance is to provide financial support to those who survive the policyholder, such as family members or business partners. When the policyholder dies, the insurance proceeds pass to the beneficiaries free of probate, though they are counted for federal estate tax purposes. group life insurance Life insurance available through an employer or association that covers participating employees and members under one master insurance policy. Most group life insurance policies are term insurance policies, that terminate when the member or employee reaches a certain age or leaves the organization and do not accumulate any cash surrender value. term life insurance No-frills life insurance, with neither cash surrender value nor loan value (an amount that can be used as collateral for a loan). Term life insurance provides a pre-set amount of coverage if the policyholder dies during the period of time specified in the policy. Policyholders usually have the option to renew at the end of the term for the period of years specified in the policy. Unlike whole life insurance, premiums generally increase as the insured person gets older and the risk of death increases.universal life insurance A type of whole life insurance that offers some additional features and advantages. Like whole life insurance, universal life insurance accumulates cash value through investment of the premium payments. The unique feature of universal life insurance is that it has variable premiums, benefits and payment schedules, all of which are tied to market interest rates and the performance of the investment portfolio. Also, universal life plicies normally provide you with more consumer information. For example, you are told how much of your policy payments goes for insurance company overhead expenses, reserves and policy proceed payments, and how much is retained and invested for your savings. This information isn't usually provided with whole life policies.variable life insurance A type of whole life insurance in which the amount of death benefits varies, depending on the performance of investments. The insurance company places some or all of the fixed premium payments into an investment account; some companies let the insured person decide how the money is invested. The policyholder bears the risk of investment losses, though there is a guaranteed minimum benefit payment. One benefit of variable insurance is that interest and dividend income from the investment account is not taxed until it is paid out to the policyholder.variable universal life insurance A type of whole life insurance that provides greater potential for financial gain--and brings greater risks. Like universal life insurance, variable universal life insurance offers flexible premiums, payment schedules and benefits. But variable universal life policies are riskier because the premiums are invested in stocks, rather than more predictable money market accounts and bonds. Also called universal variable life insurance.whole life insurance Life insurance that provides coverage for the entire life of the policyholder, who pays the same fixed premium throughout his or her life. The policy builds up cash reserves that may be paid out to the policyholder when he or she surrenders or partially surrenders the policy or uses the cash reserves to fund low-interest loans. The annual increase in the cash value of the policy is not taxed. If the policyholder surrenders the policy, a portion of the payment is not taxable. Also called straight life insurance or ordinary life insurance.
HEIR AT LAW
A person entitled to inherit property under intestate succession laws.
ENDOWMENT INSURANCE
Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)
Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.
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.
ACCUMULATION TRUST
A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)
A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.
CREDIT SHELTER TRUST
See AB trust.
INCOMPETENCE
The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)
The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'
MARITAL LIFE ESTATE TRUST
See AB trust.
SAMPLE LEGAL CASES
In re Estate of Tanner
The decedent, Martha M. Tanner, died intestate while a resident of a nursing facility. Nineteen
months later, the Bureau of TennCare filed a complaint in the Davidson County Chancery Court
seeking the appointment of an administrator of her estate. The case was transferred to the ...
In re Estate of Davis
In this interlocutory appeal, the administrator of the estate of the decedent argues that a petition
for probate, filed more than two years after the probate of an earlier will, is time-barred by Tennessee
Code Annotated section 32-4-108, and, therefore, the trial court erroneously denied his ...
Estate of French v. Stratford House
The administratrix of the estate of the deceased brought this wrongful death suit against the defendant
nursing home and its controlling entities, alleging damages as the result of ordinary
negligence, negligence per se, and violations of the Tennessee Adult Protection Act. The ...
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