Corpus Christi Estate Planning Lawyer, Texas
Includes: Gift Taxation
Frost Bank Plaza, 802 N. Carancahua Street, Corpus Christi, TX 78470
Profile LAWPOINTS™40/100
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Jorge C. Rangel
Communication & Media Law, Estate Planning, Employment, Corporate
Status: In Good Standing Licensed: 51 Years
555 N Carancahua St, Corpus Christi, TX 78401
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800 N Shoreline Blvd, Corpus Christi, TX 78401
Profile LAWPOINTS™36/100
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Omar Javier Leal
Lawsuit & Dispute, International, Wills, Gift Taxation, Estate Planning
Status: In Good Standing
802 N Carancahua St, Corpus Christi, TX 78401
Profile LAWPOINTS™34/100
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800 N Carancahua Street, Corpus Christi, TX 78401
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Martin C. Davis
Tax, Tax, Trusts, Estate Planning, Estate
Status: In Good Standing Licensed: 51 Years
802 N Carancahua St, Corpus Christi, TX 78401
Profile LAWPOINTS™34/100
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Gerald W. Ostarch
International, Wills, Gift Taxation, Estate
Status: In Good Standing Licensed: 57 Years
Corpus Christi, TX 78403
Profile LAWPOINTS™29/100
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Elva Vela Galvan
International Tax, International, Gift Taxation, Collection
Status: In Good Standing Licensed: 30 Years
500 North Shoreline Blvd, Corpus Christi, TX 78401
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Kenton E. Mcdonald
Gift Taxation, Sexual Harassment, Divorce & Family Law, Insurance
Status: In Good Standing
321 Texan Trl, Corpus Christi, TX 78411
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233 Westgate Dr, Corpus Christi, TX 78408
Profile LAWPOINTS™24/100
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Easily find Corpus Christi Estate Planning Lawyers and Corpus Christi Estate Planning Law Firms. For more attorneys, search all Estate areas including Trusts, Wills & Probate and Power of Attorney attorneys.
LEGAL TERMS
ADEMPTION
The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)
The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.
HEIR AT LAW
A person entitled to inherit property under intestate succession laws.
FUNDING A TRUST
Transferring ownership of property to a trust.
LIFE INSURANCE
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays... (more...)
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays a regularly scheduled fee, known as the insurance premiums. The purpose of life insurance is to provide financial support to those who survive the policyholder, such as family members or business partners. When the policyholder dies, the insurance proceeds pass to the beneficiaries free of probate, though they are counted for federal estate tax purposes. group life insurance Life insurance available through an employer or association that covers participating employees and members under one master insurance policy. Most group life insurance policies are term insurance policies, that terminate when the member or employee reaches a certain age or leaves the organization and do not accumulate any cash surrender value. term life insurance No-frills life insurance, with neither cash surrender value nor loan value (an amount that can be used as collateral for a loan). Term life insurance provides a pre-set amount of coverage if the policyholder dies during the period of time specified in the policy. Policyholders usually have the option to renew at the end of the term for the period of years specified in the policy. Unlike whole life insurance, premiums generally increase as the insured person gets older and the risk of death increases.universal life insurance A type of whole life insurance that offers some additional features and advantages. Like whole life insurance, universal life insurance accumulates cash value through investment of the premium payments. The unique feature of universal life insurance is that it has variable premiums, benefits and payment schedules, all of which are tied to market interest rates and the performance of the investment portfolio. Also, universal life plicies normally provide you with more consumer information. For example, you are told how much of your policy payments goes for insurance company overhead expenses, reserves and policy proceed payments, and how much is retained and invested for your savings. This information isn't usually provided with whole life policies.variable life insurance A type of whole life insurance in which the amount of death benefits varies, depending on the performance of investments. The insurance company places some or all of the fixed premium payments into an investment account; some companies let the insured person decide how the money is invested. The policyholder bears the risk of investment losses, though there is a guaranteed minimum benefit payment. One benefit of variable insurance is that interest and dividend income from the investment account is not taxed until it is paid out to the policyholder.variable universal life insurance A type of whole life insurance that provides greater potential for financial gain--and brings greater risks. Like universal life insurance, variable universal life insurance offers flexible premiums, payment schedules and benefits. But variable universal life policies are riskier because the premiums are invested in stocks, rather than more predictable money market accounts and bonds. Also called universal variable life insurance.whole life insurance Life insurance that provides coverage for the entire life of the policyholder, who pays the same fixed premium throughout his or her life. The policy builds up cash reserves that may be paid out to the policyholder when he or she surrenders or partially surrenders the policy or uses the cash reserves to fund low-interest loans. The annual increase in the cash value of the policy is not taxed. If the policyholder surrenders the policy, a portion of the payment is not taxable. Also called straight life insurance or ordinary life insurance.
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.
INHERITANCE TAXES
Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)
Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.
COUNTERCLAIM
A defendant's court papers that seek to reverse the thrust of the lawsuit by claiming that it was the plaintiff -- not the defendant -- who committed legal wron... (more...)
A defendant's court papers that seek to reverse the thrust of the lawsuit by claiming that it was the plaintiff -- not the defendant -- who committed legal wrongs, and that as a result it is the defendant who is entitled to money damages or other relief. Usually filed as part of the defendant's answer -- which also denies plaintiff's claims -- a counterclaim is commonly but not always based on the same events that form the basis of the plaintiff's complaint. For example, a defendant in an auto accident lawsuit might file a counterclaim alleging that it was really the plaintiff who caused the accident. In some states, the counterclaim has been replaced by a similar legal pleading called a cross-complaint. In other states and in federal court, where counterclaims are still used, a defendant must file any counterclaim that stems from the same events covered by the plaintiff's complaint or forever lose the right to do so. In still other states where counterclaims are used, they are not mandatory, meaning a defendant is free to raise a claim that it was really the plaintiff who was at fault either in a counterclaim or later as part of a separate lawsuit.
CERTIFIED COPY
A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)
A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.
SWEARING MATCH
A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.
SAMPLE LEGAL CASES
Smith v. O'DONNELL
... 192 SW3d 780 (Tex.2006). 234 SW3d 135, 138. In Belt, we held that an executor
was in privity with the decedent's attorneys and could sue them for estate-planning
malpractice. 192 SW3d at 787. A prior case, Barcelo v. Elliott ...
In re Townley Bypass Unified Credit Trust
252 SW3d 715 (2008). In re TOWNLEY BYPASS UNIFIED CREDIT TRUST. No.
06-07-00025-CV. Court of Appeals of Texas, Texarkana. Submitted February 13, 2008.
Decided April 9, 2008. 717 William E. Wylie, William E. Wylie ...
In re Estate of Henry
... in the 1996 revocable living trust agreement. In 2004, Thomas Henry and Ms. Henry
met with Warren Nystrom, an attorney whose practice included estate planning
and preparation of wills. On October 19, 2004, at the office ...
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