Holly Springs Estate Lawyer, Mississippi, page 4

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Dan W Webb

Litigation, Estate, Criminal, Civil Rights, Civil & Human Rights
Status:  In Good Standing           

David Clay Vanderburg

Criminal, Divorce & Family Law, Child Custody, Power of Attorney, Estate
Status:  In Good Standing           Licensed:  41 Years

David Hugh Linder

Estate, Wrongful Termination, Divorce, Divorce & Family Law
Status:  In Good Standing           Licensed:  39 Years

Denise T Sims

Industry Specialties, Estate, Divorce & Family Law, Civil & Human Rights
Status:  Inactive           Licensed:  38 Years

Diala H Chaney

Lawsuit & Dispute, Intellectual Property, Estate
Status:  In Good Standing           Licensed:  20 Years

Don L Fruge'

International, Estate
Status:  In Good Standing           Licensed:  54 Years

Don L Fruge

Tax, Estate Planning
Status:  In Good Standing           Licensed:  54 Years

Douglas Bradley Walsh

Power of Attorney, Tax, International Tax, Trusts, Estate Planning
Status:  In Good Standing           Licensed:  32 Years

Dudley Black Bridgforth

Real Estate, Federal Trial Practice, Estate, Personal Injury
Status:  In Good Standing           Licensed:  59 Years

E Payne Atkinson

Gift Taxation, Commercial Real Estate, Health Care Other, Trusts
Status:  In Good Standing           Licensed:  23 Years

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Lawyer.com can help you easily and quickly find Holly Springs Estate Lawyers and Holly Springs 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

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)
To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)
The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)
A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

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.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)
Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

FAILURE OF ISSUE

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

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)
Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.