Crystal Bay Trusts Lawyer, Nevada, page 2

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David O'Mara
About | Practice Areas
The O'Mara Law Firm, P.C.
311 E. Liberty Street Reno, NV 89501» view map
Estate Law
Experience, Knowledge & Integrity

For over a decade, David C. O’Mara has built and maintained an outstanding reputation by providing superior legal services to his many clients.

800-971-0140
1. David O'Mara Reno, NV
  Attorney at Law - NV, 2003
  McGeorge School of Law J.D. 2003
2. AboutThe O'Mara Law Firm, P.C.
  Experience, Knowledge & Integrity
3. Practice AreasExpertise
  Estate Law
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Mark Allen Winter

General Practice

Status: In Good Standing Licensed: 46 Years

CONTACT

801 N Division St, Carson City, NV 89703

Steven E. Tackes

Trusts, Estate, Administrative Law, Business

Status: In Good Standing Licensed: 44 Years

CONTACT

510 West Fourth Street, Carson City, NV 89703

Sandra G. Lawrence

Trusts, Estate Planning, Employee Rights, Business

Status: In Good Standing

CONTACT

2805 Mountain Street, Carson City, NV 89703

James K Ltd Burau

Real Estate, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing Licensed: 35 Years

CONTACT

916 Southwood Blvd Ste 2A, Incline Village, NV 89451

Christine Liliana Craig

Trusts, Estate, Wills

Status: In Good Standing Licensed: 32 Years

CONTACT

930 Tahoe Blvd, Incline Village, NV 89451

Richard Matthew Freeman

General Practice

Status: Inactive Licensed: 55 Years

CONTACT

866 Northwood Blvd, Incline Village, NV 89451

Darren Guez

Trusts, Elder Law, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 16 Years

CONTACT

930 Tahoe Blvd, Incline Village, NV 89451

Richard Louis Klein

General Practice

Status: In Good Standing Licensed: 31 Years

CONTACT

338 Woodridge Way, Incline Village, NV 89451

Bradley Paul Elley

General Practice

Status: In Good Standing Licensed: 42 Years

CONTACT

120 Country Club Dr, Incline Village, NV 89451

Judy A. Anderson

Trusts, Estate

Status: In Good Standing Licensed: 12 Years

CONTACT

916 Southwood Blvd, Incline Village, NV 89451

800-923-0641

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LEGAL TERMS

HEIR APPARENT

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

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.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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

Hartford Fire Ins. Co. v. TRUSTEES OF CONST. INDUS.

... employees' union. After the subcontractor failed to pay employee-benefit contributions owed to the trusts, the trusts' trustees sued, in federal court, the general contractor and its surety to recover the unpaid contributions. The ...

IN MATTER OF ORPHEUS TRUST

... It is one of several successor trusts to the historic John Paul Getty Family Trust created in California in 1934. ... DISCUSSION. In 2003, the Nevada Legislature enacted certain provisions of the Uniform Principal and Income Act, which govern the administration of trusts. ...

Waldman v. Maini

... While in some instances a corporation may acquire equitable ownership of a life insurance policy through such remedies as constructive and resulting trusts, the facts of this case do not support the imposition of those equitable remedies. ...

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Crystal Bay Trusts Lawyer, Nevada, page 2

Sponsored Law Firm

The O'Mara Law Firm, P.C.

SPONSORED LAWYERS

Mark Allen Winter

Steven E. Tackes

Sandra G. Lawrence

James K Ltd Burau

Christine Liliana Craig

Richard Matthew Freeman

Darren Guez

Richard Louis Klein

Bradley Paul Elley

Judy A. Anderson

TIPS

LEGAL TERMS

HEIR APPARENT

FINAL BENEFICIARY

REMAINDERMAN

TESTAMENTARY TRUST

ACCUMULATION TRUST

OFFICER

WARRANTY DEED

POWER OF APPOINTMENT

BYPASS TRUST

SAMPLE LEGAL CASES

Hartford Fire Ins. Co. v. TRUSTEES OF CONST. INDUS.

IN MATTER OF ORPHEUS TRUST

Waldman v. Maini

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