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Gilmer County, GA Estate Lawyers

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Nancy Cochran Maddox

Real Estate, Estate, Divorce & Family Law, Business Organization, Divorce
Status:  In Good Standing           

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489 Highland Crossing, East Ellijay, GA 30540
Profile LAWPOINTS™57/100
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Jeffrey Ira Fouts

Estate, Divorce & Family Law, Criminal
Status:  In Good Standing           
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3256 Clear Creek Road, Ellijay, GA 30536
Profile LAWPOINTS™34/100
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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.

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.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

NET ESTATE

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

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

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.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)
A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

MARITAL LIFE ESTATE TRUST

See AB trust.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)
Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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