Camdenton Trusts Lawyer, Missouri


Ronald K. Carpenter

Estate Planning, Corporate, Business Organization, Banking & Finance
Status:  In Good Standing           

Sherry A. Mariea

Business Organization, Commercial Real Estate, Construction, Estate Planning
Status:  In Good Standing           

Michael Madsen

Business Organization, Estate Planning, Mental Health, Health Care
Status:  In Good Standing           

James W. Gallaher

Estate Planning, Corporate, Business Organization, Administrative Law
Status:  In Good Standing           
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William R. England

Business Organization, Family Law, Estate Planning, Real Estate
Status:  In Good Standing           

John W. Inglish

Education, Wills & Probate, Real Estate
Status:  In Good Standing           

Diana C. Farr

Family Law, Business Organization, Estate Planning, Real Estate
Status:  In Good Standing           

Janet E. Wheeler

Family Law, Business Organization, Estate Planning, Real Estate
Status:  In Good Standing           

Scott Dee Evans

Real Estate, Federal Appellate Practice, Estate, Administrative Law
Status:  In Good Standing           Licensed:  10 Years

Nathan Forck

Veterans' Affairs, Trusts, Estate Planning, Elder Law
Status:  In Good Standing           

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LEGAL TERMS

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)
Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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.'

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)
A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

FAMILY POT TRUST

See pot trust.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

TITLE COMPANY

A company that issues title insurance.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)
The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

FUNDING A TRUST

Transferring ownership of property to a trust.

SAMPLE LEGAL CASES

Wilson v. Rhodes

... 875 JEFFREY W. BATES, Chief Judge. The trial court granted a summary judgment requiring the successor trustees of two trusts to distribute certain assets to the personal representative of a decedent's estate. ... In September 1992, Husband and Wife established individual trusts. ...

Hardt v. Vitae Foundation, Inc.

... This rule applied to gifts both to charitable trusts and charitable corporations and was made primarily to prevent potential beneficiaries without a "special interest" in the gift from "vex[ing]" public charities with "frequent suits, possibly based on an inadequate investigation." Id. ...

Schumacher v. Schumacher

... Upon Grantor's death in May of 1998, the revocable trust split into three separate trusts: a qualified terminable interest property trust ("QTIP trust"), a marital trust, and a family trust. Topper is the sole trustee of the three trusts. ...