Emily Estate Lawyer, Minnesota

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Allen J. Peterson Lawyer

Allen J. Peterson

VERIFIED
Criminal, Divorce & Family Law, Traffic, Estate Planning, Wills

Minnesota Native Allen J. Peterson is a 2017 graduate of the University of St. Thomas – School of Law. Allen was born September 24, 1991 in Dakota C... (more)

Edward R Shaw Lawyer

Edward R Shaw

VERIFIED
Divorce & Family Law, Criminal, Real Estate, Estate, Bankruptcy & Debt

The Law Office of Attorney Edward R. Shaw is located in Brainerd, Minnesota and has been serving the Brainerd Lakes Area and surrounding counties with... (more)

Alex Daniel Kuhn

Estate, Civil & Human Rights, Business, Accident & Injury
Status:  In Good Standing           Licensed:  11 Years

Amelia P. Nelson

Estate, Employment, Civil & Human Rights, Accident & Injury
Status:  In Good Standing           

Andrew Charles Wipper

Divorce & Family Law, Criminal, Estate, Civil & Human Rights
Status:  In Good Standing           Licensed:  12 Years

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Anna Mae Yakle

Estate, Family Law, Divorce & Family Law
Status:  In Good Standing           

FREE CONSULTATION 

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Charles P Steinbauer

Real Estate, Estate, Business
Status:  In Good Standing           Licensed:  55 Years

Charles P Steinbauer

Real Estate, Estate, Business
Status:  In Good Standing           Licensed:  55 Years

Charles P Steinbauer

Real Estate, Estate, Business
Status:  In Good Standing           Licensed:  55 Years

David Victor Hurt

Accident & Injury, Divorce, Real Estate, Business, Estate
Status:  In Good Standing           Licensed:  12 Years

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Lawyer.com can help you easily and quickly find Emily Estate Lawyers and Emily Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)
Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

NET ESTATE

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

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.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)
The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

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.