Boggstown Estate Lawyer, Indiana

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Robert Donald Schafstall

Real Estate, Lawsuit & Dispute, Estate
Status:  In Good Standing           Licensed:  54 Years

Ellen L Fredbeck-Ramirez

Power of Attorney, Landlord-Tenant, Wills & Probate, Estate, Divorce
Status:  In Good Standing           Licensed:  8 Years

Daniel Martin Cyr

Family Law, Estate Planning, Criminal, Estate
Status:  In Good Standing           

Jennifer Diane Wilson

Litigation, Estate Planning, Child Custody, Contract, Criminal
Status:  In Good Standing           Licensed:  14 Years

Kevin Michael Barton

Trusts, Estate
Status:  In Good Standing           Licensed:  44 Years

Brian Jay Deppe

Education, Estate Planning, Child Custody, Divorce & Family Law
Status:  In Good Standing           Licensed:  53 Years

Kyle Andrew Johnson

Motor Vehicle, Trusts, Divorce & Family Law, Criminal
Status:  In Good Standing           Licensed:  12 Years

Larry Jon Gesse

Juvenile Law, Trusts, Estate, Divorce & Family Law
Status:  In Good Standing           Licensed:  50 Years

Kimberly Allison Jewell

Trusts, Estate, Elder Law, Civil & Human Rights
Status:  In Good Standing           Licensed:  12 Years

Daniel Joseph Layden

Litigation, Government, Estate, Divorce & Family Law
Status:  In Good Standing           Licensed:  24 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)
Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

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.'

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

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.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)
All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)
A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'