Cape Girardeau Trusts Lawyer, Missouri


Lesley Dormeyer

Wills & Probate, Business Organization, Consumer Bankruptcy, Bankruptcy & Debt, Bankruptcy
Status:  In Good Standing           

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David S. Limbaugh

Entertainment, Estate Planning, DUI-DWI, Corporate
Status:  In Good Standing           

Christopher B. Sides

Estate Administration, Estate Planning, Corporate, Business
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Lucas M. Haley

Agriculture, Corporate, Estate Planning, Real Estate
Status:  In Good Standing           
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Keith Harrison Holland

Landlord-Tenant, Estate Planning, Family Law, Corporate
Status:  In Good Standing           

Craig M. Billmeyer

Real Estate, Estate Planning, Civil & Human Rights, Corporate, Wills & Probate
Status:  In Good Standing           

Trae Bertrand

Wills, Family Law, Criminal, Personal Injury
Status:  In Good Standing           

Ross Mcferron

Agriculture, Estate Planning, Civil Rights, Medical Malpractice, Slip & Fall Accident
Status:  In Good Standing           

Jeffrey J. Koch

Corporate, Workers' Compensation, Elder Law, Estate Planning
Status:  In Good Standing           

R. Michael Howard

Corporate, Estate Planning, Tax
Status:  In Good Standing           

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LEGAL TERMS

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)
Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)
A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

CERTIFICATION OF TRUST

See abstract of trust.

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.

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.

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.

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. ...