Fairfield Estate Lawyer, Alabama, page 4

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Jake Vincent Bivona

Government, Estate, Consumer Rights, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  48 Years

Richard Rhett Owens

Estate, Business
Status:  In Good Standing           Licensed:  16 Years

Alan Wayne Garner

Estate, Contract, Licensing, Business
Status:  In Good Standing           Licensed:  27 Years

Danny Carl Lockhart

Real Estate, Estate, Criminal, Accident & Injury
Status:  In Good Standing           Licensed:  48 Years

Michael Scott Yeager

Estate, Child Custody, Divorce & Family Law
Status:  In Good Standing           Licensed:  11 Years

Bert Sheffield Nettles

Real Estate, International, Estate
Status:  In Good Standing           Licensed:  65 Years

James Perry Rea

Estate Planning, Civil Rights
Status:  In Good Standing           Licensed:  42 Years

Stephen Lawrence Sexton

Government, Estate, Criminal
Status:  In Good Standing           Licensed:  42 Years

D. Mark Price

Divorce & Family Law, Accident & Injury, Criminal, Wills & Probate
Status:  In Good Standing           Licensed:  29 Years

Samantha Carnley

Estate, Consumer Bankruptcy, Estate Administration, Wills & Probate
Status:  In Good Standing           Licensed:  22 Years

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LEGAL TERMS

TESTAMENTARY TRUST

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

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)
A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)
A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)
The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)
To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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