El Granada Trusts Lawyer, California

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Paul John Barulich Lawyer

Paul John Barulich

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Estate, Real Estate, Trusts, Lawsuit & Dispute, Business

Paul J. Barulich is the founder, Shareholder, and Director at Barulich Dugoni & Suttmann Law Group, Inc. Mr. Barulich's law practice focuses on estate... (more)

Kate Duncan Kostrzewa

Immigration, Wills, Trusts, Car Accident
Status:  In Good Standing           Licensed:  34 Years

Marion Lee Brown

Estate Planning, International Tax, Commercial Real Estate, Business, Trusts
Status:  In Good Standing           Licensed:  57 Years

Steven Duane Anderson

Estate Planning, International Tax, Business, Trusts, Estate
Status:  In Good Standing           Licensed:  36 Years

Edward C Y Lau

Trusts, Civil Rights, Corporate, Personal Injury
Status:  Inactive           Licensed:  51 Years

Linda Jeanne Dvorak

Trusts, Estate Planning
Status:  In Good Standing           Licensed:  42 Years

Elyse Jeesoo Park

Trusts, Estate Planning, Estate
Status:  Inactive           Licensed:  21 Years

Peter Kenneth Landes

Trusts, Family Law
Status:  In Good Standing           Licensed:  34 Years

Levon Sagatelyan

Private Schools, Trusts, Estate Planning, Civil Rights
Status:  In Good Standing           

Scott Holland Wilson

Wills & Probate, Trusts, Estate Planning, Criminal
Status:  In Good Standing           Licensed:  15 Years

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LEGAL TERMS

NET ESTATE

The value of all property owned at death less liabilities or debts.

FAMILY POT TRUST

See pot trust.

SURROGATE COURT

See probate court.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)
A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)
Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)
The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

SAMPLE LEGAL CASES

Schwartz v. Labow

... The probate court's general jurisdiction encompasses "the internal affairs of trusts" and "[o]ther actions and proceedings involving trustees...." 17000, subds. ... 427 (2) The probate court has general power and duty to supervise the administration of trusts. ...

In re Estate of Young

... (a)(2)(D).) The trial court ruled that the Estate was the prevailing party, because it had showed sufficient evidence of undue influence and fraud in the establishment of the trusts. ... A. Creation of Land Trusts and Operational Trusts; Background. ...

Bilafer v. Bilafer

... SIMONS, Acting PJ. On December 30, 1999, Mitchell J. Bilafer (Mitchell) [1] executed two irrevocable trusts (collectively, the 1999 Trusts). In 2006, Mitchell filed petitions to reform the 1999 Trusts to conform them to his intent. ...