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Owen Lalor
About | Practice Areas
Lalor Aby & Morgan, PLLC
230 Trace Colony Park Dr. Suite 4 Ridgeland, MS 39157» view map
Estate Law
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If you need an experienced litigation attorney, look no further than Lalor Aby & Morgan, PLLC.

800-758-9910
1. Owen Lalor Ridgeland, MS
  Attorney at Law- MS, 1978
  Vanderbilt University Law School, J.D. 1978
2. AboutLalor Aby & Morgan, PLLC
  Get the Legal Support You Need
3. Practice AreasExpertise
  Estate Law
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Tabatha McCall Stern

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Estate, Business, Estate Planning

T. McCall Stern ("McCall") is active in her community and has a passion for serving others. She practices predominately in the areas of estate plannin... (more)

FREE CONSULTATION

CONTACT

800-583-7030

220 Willow Lane, Brandon, MS 39047

Sean A Milner

Land Use & Zoning, Housing & Construction Defects, Wills, Divorce

Status: In Good Standing

CONTACT

102 E. Leake Street, Clinton, MS 39056

James Harrell Herring

Estate, Family Law, Adoption, Divorce & Family Law

Status: In Good Standing Licensed: 61 Years

CONTACT

Canton, MS 39046

Lloyd Gilmer Spivey

Industry Specialties, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 62 Years

CONTACT

141 E Center St, Canton, MS 39046

John S Mcdavid

Estate, Real Estate, Wills & Probate

Status: In Good Standing Licensed: 40 Years

CONTACT

151 West Peace St, Canton, MS 39046

Matthew Alan Hendrix

Estate Planning

Status: Inactive Licensed: 11 Years

CONTACT

126 Munich Dr, Madison, MS 39110

Matthew Allen Baldridge

Estate, Family Law, Divorce & Family Law, Criminal

Status: In Good Standing

CONTACT

Madison, MS 39130

Francis Starr Springer

Power of Attorney, Estate, Divorce & Family Law, Criminal, Mass Torts

Status: In Good Standing

CONTACT

Madison, MS 39130

Elizabeth Lucinda Wynn

Power of Attorney, Trusts, Divorce & Family Law, Elder Law

Status: In Good Standing

CONTACT

Madison, MS 39130

Karen E. Livingston-Wilson

Other, Government, Estate Planning, Estate

Status: In Good Standing Licensed: 40 Years

CONTACT

Madison, MS 39130

800-923-0641

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LEGAL TERMS

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

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).

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.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

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.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

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Canton Estate Lawyer, Mississippi

Sponsored Law Firm

Lalor Aby & Morgan, PLLC

SPONSORED LAWYERS

Tabatha McCall Stern

Sean A Milner

James Harrell Herring

Lloyd Gilmer Spivey

John S Mcdavid

Matthew Alan Hendrix

Matthew Allen Baldridge

Francis Starr Springer

Elizabeth Lucinda Wynn

Karen E. Livingston-Wilson

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LEGAL TERMS

FINAL BENEFICIARY

DISTRIBUTEE

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

PER CAPITA

PERSONAL PROPERTY

DISINHERIT

EXEMPTION TRUST

RESIDUARY BENEFICIARY

DISCHARGE (OF PROBATE ADMINISTRATOR)

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