Cicero Trusts Lawyer, Indiana
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1-8 of 8 matches. Page 1 of 1
118 S Independence St, Tipton, IN 46072
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15303 Maple Ridge Dr, Carmel, IN 46033
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George Greenleaf Slater
Trusts, Employee Rights, Elder Law, Car Accident
Status: In Good Standing Licensed: 45 Years
600 E Carmel Dr, Carmel, IN 46032
Profile LAWPOINTS™32/100
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Colleen Skole
Wills, Wills & Probate, Trusts, Estate Planning
Status: In Good Standing Licensed: 16 Years
8520 Center Run Drive, Indianapolis, IN 46250
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3003 E 96Th St, Indianapolis, IN 46240
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3003 E 96Th St, Indianapolis, IN 46240
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Annette Theresa Brogden
Real Estate, Wills & Probate, Trusts, Estate
Status: In Good Standing Licensed: 33 Years
8440 Woodfield Crossing Blvd, Indianapolis, IN 46240
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Richard M. Orr
Business & Trade, Trusts, International Tax
Status: In Good Standing Licensed: 73 Years
7720 Dean Rd, Indianapolis, IN 46240
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LEGAL TERMS
NONPROBATE
The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)
The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.
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.
AB TRUST
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.
WILL
A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)
A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.
DOWER AND CURTESY
A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)
A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.
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).
PUBLIC ADMINISTRATOR
Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)
Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.
ACCUMULATION TRUST
A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)
A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.
RULE AGAINST PERPETUITIES
An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)
An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.
SAMPLE LEGAL CASES
Zoeller v. East Chicago Second Century
... It argues on appeal that it was established under the agreement to benefit as a private for-profit
corporation, and that "this non-charitable component eliminates the possibility that a public
charitable trust was created," citing the definition of such trusts, Ind.Code § 30-4-1-2(5 ...
Carlson v. Sweeney, Dabagia, Donoghue, Thorne, Janes & Pagos
Norman R. CARLSON, Jr., Individually and As Executor of the Estates of Norman R. Carlson
and Hilda D. Carlson, Deceased, and As Trustee of the Trusts Established Under the Last Wills
and Testaments of Norman R. Carlson and Hilda D. Carlson; Margaret Ann Carlson; Beth ...
Gibbs v. Kashak
... OPINION. MAY, Judge. Sally Gibbs and Jack David Kashak are siblings and the
beneficiaries of their parents' trusts. ... Norbert and Eileen each created a trust and deeded
their assets, including the land, bank accounts, and stocks to their trusts. ...
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