California Hot Springs Trusts Lawyer, California, page 3

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John Philip Bianco

Trusts
Status:  In Good Standing           Licensed:  30 Years

James Albert Wainwright

Family Law, Guardianships & Conservatorships, Wills, Trusts
Status:  In Good Standing           Licensed:  48 Years

Russell Raymond Mckinney

Military, Litigation, Trusts, Products Liability, Slip & Fall Accident
Status:  In Good Standing           Licensed:  56 Years

Thomas Scott Mcintosh

Wills & Probate, Trusts, Estate Planning, Estate, Bankruptcy & Debt
Status:  In Good Standing           

David Christopher Bynum

Commercial Real Estate, Trusts, Corporate, Contract
Status:  In Good Standing           Licensed:  17 Years

Larry L Fields

Trusts, Estate
Status:  In Good Standing           

Christopher William Hamilton

Trusts, Child Custody, Discrimination, Business
Status:  In Good Standing           Licensed:  18 Years

Peter Alan Sherwood

Trusts, Estate
Status:  In Good Standing           Licensed:  38 Years

Patrick Edward Jennison

Trusts, Estate Planning, Estate, Business
Status:  In Good Standing           Licensed:  47 Years

Kenneth Michael Byrum

Trusts, Estate
Status:  In Good Standing           

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LEGAL TERMS

FUNDING A TRUST

Transferring ownership of property to a trust.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)
Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

DEVISEE

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

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)
An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

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.

SAMPLE LEGAL CASES

Schwartz v. Labow

... The probate court's general jurisdiction encompasses "the internal affairs of trusts" and "[o]ther actions and proceedings involving trustees...." 17000, subds. ... 427 (2) The probate court has general power and duty to supervise the administration of trusts. ...

In re Estate of Young

... (a)(2)(D).) The trial court ruled that the Estate was the prevailing party, because it had showed sufficient evidence of undue influence and fraud in the establishment of the trusts. ... A. Creation of Land Trusts and Operational Trusts; Background. ...

Bilafer v. Bilafer

... SIMONS, Acting PJ. On December 30, 1999, Mitchell J. Bilafer (Mitchell) [1] executed two irrevocable trusts (collectively, the 1999 Trusts). In 2006, Mitchell filed petitions to reform the 1999 Trusts to conform them to his intent. ...