Hampton Falls Estate Lawyer, New Hampshire

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Karyn Krause Cumberland is an elder law lawyer proudly serving Stratham, New Hampshire and the neighboring communities.

Mary Keohan Ganz

Real Estate, Government, Estate, Accident & Injury
Status:  In Good Standing           Licensed:  45 Years

Michael J Baldassarre

Wills & Probate, Estate Planning, Family Law, Business Organization
Status:  In Good Standing           Licensed:  31 Years

Michael C. Mccarthy

Estate Planning, Family Law, Civil Rights, Bankruptcy
Status:  In Good Standing           

Karen R. Galat

Lawsuit & Dispute, Estate, Divorce & Family Law
Status:  In Good Standing           Licensed:  42 Years

Mae C. Bradshaw

Estate, Criminal, Business, Wrongful Termination
Status:  In Good Standing           Licensed:  48 Years

Edward Francis Morris

Real Estate, Estate, Business
Status:  In Good Standing           Licensed:  35 Years

Daniel R. Hartley

Litigation, Estate Planning, Business & Trade, Bankruptcy
Status:  In Good Standing           Licensed:  33 Years

John Gillen

Wills & Probate, DUI-DWI, Civil & Human Rights, Personal Injury, Accident & Injury
Status:  In Good Standing           Licensed:  46 Years

Daniel Tyler Carlson

Estate
Status:  In Good Standing           Licensed:  11 Years

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

FUNDING A TRUST

Transferring ownership of property to a trust.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)
Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)
A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

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.'

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

FAMILY POT TRUST

See pot trust.

NET ESTATE

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