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Charlotte Trusts Lawyer, North Carolina


Brendan G. Dillashaw

Estate Planning, Real Estate, Wills, Trusts, Tax
Status:  In Good Standing           

Elizabeth J Caviness

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

Cheryl R. Watkins

Estate Administration, Estate Planning, Trusts, Wills & Probate, Wrongful Death
Status:  In Good Standing           

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Graydon Miller Jordan

Trusts, Litigation, Guardianships & Conservatorships, Civil Rights
Status:  In Good Standing           
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Trey Lindley

Collection, Trusts, Construction, Mediation
Status:  In Good Standing           

A Cotten Wright

Bankruptcy, Trusts, Workout, Bankruptcy & Debt
Status:  In Good Standing           

Jason Mcgrath

Business & Trade, Trusts, Consumer Rights, Real Estate, Business
Status:  In Good Standing           Licensed:  22 Years

J. Eric Kindberg

Estate, Wills, Trusts
Status:  In Good Standing           Licensed:  43 Years

Danica L. Little

Estate, Trusts, Wills & Probate, Business, Tax
Status:  In Good Standing           

Debra Castro

Banking & Finance, Trusts, Commercial Real Estate, Government
Status:  In Good Standing           Licensed:  22 Years

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LEGAL TERMS

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)
Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

CERTIFICATION OF TRUST

See abstract of trust.

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)
Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

FAMILY POT TRUST

See pot trust.

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.

SAMPLE LEGAL CASES

Carcano v. JBSS, LLC

... Constructive trusts ordinarily arise from actual or constructive fraud and usually involve the "`breach of a confidential relationship.'" Patterson v. Strickland, 133 NCApp. ... Trusts created by operation of law are classified into resulting trusts and constructive trusts. ...

Livesay v. Carolina First Bank

... NC Gen.Stat. § 36C-5-505(a)(3) (2007). The section was enacted in 2005, became effective on 1 January 2006, and applies to. (i) all trusts created before, on, or after that date; (ii) all judicial proceedings concerning trusts commenced on or after that date; and (iii) judicial ...

In re Ernst & Young, LLP

... Carolina. In 1996, with the assistance of Ernst & Young, Wal-Mart underwent corporate restructuring to implement these tax shelters and placed substantially all of its real estate interests in real estate investment trusts ("REITs"). ...