Fort Dodge Trusts Lawyer, Kansas, page 3

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Stanley Ausemus
About | Practice Areas
Stanley R. Ausemus, Chartered
413 Commercial P.O. Box 1083 Emporia, KS 66801» view map
Estate
Quality Legal Support and Counsel

The locally owned Stanley R. Ausemus, Chartered has a mission to provide quality legal support and counsel to its clients.

800-709-0390
1. Stanley Ausemus Emporia, KS
  Attorney at Law- KS, 1963
  University of Kansas School of Law, J.D.
2. AboutStanley R. Ausemus, Chartered
  Quality Legal Support and Counsel
3. Practice AreasExpertise
  Estate
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LEGAL TERMS

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

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.'

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.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

SUCCESSOR TRUSTEE

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

SAMPLE LEGAL CASES

IN RE TRUST D UNDER LAST WILL OF DARBY

... 3017. FACTUAL OVERVIEW. On July 15, 1986, Darby executed his last will and testament, which established several trusts for the benefit of his daughters and sister. ... beneficiaries. See Restatement Third, Trusts Â§ 66, comment b, p. 494. ...

In re Wonder

... good friend. In pertinent part, the will provided: "I appoint Robert E. Wonder, my attorney, of Leawood, Kansas and my brother, Patrick Michael Dowling of Olathe, Kansas as Co-Trustees of the trusts herein created. If either or ...

EGGESON v. DeLUCA

... After Barbara signed a durable power of attorney in 1997 allowing John to create a revocable trust with dispositive provisions "substantially similar" to her 1987 will, John created revocable trusts for both him and Barbara that contained virtually the same asset distribution plan to ...

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Fort Dodge Trusts Lawyer, Kansas, page 3

Sponsored Law Firm

Stanley R. Ausemus, Chartered

SPONSORED LAWYERS

Dawn Patricia Hayes

Clayton Ison Kerbs

Lawrence P. Daniels

Terrence J. Malone

Barbara A. Lundin

David D. Belling

Kathleen Neff

Sidney Ray Thomas

Aaron L. Kite

Eric Harman

TIPS

LEGAL TERMS

LETTERS TESTAMENTARY

TRUST CORPUS

SPRINKLING TRUST

PUBLISHED WORK

RESIDUARY BENEFICIARY

ESTATE TAXES

ACCUMULATION TRUST

TRUSTEE POWERS

SUCCESSOR TRUSTEE

SAMPLE LEGAL CASES

IN RE TRUST D UNDER LAST WILL OF DARBY

In re Wonder

EGGESON v. DeLUCA

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