Immokalee Estate Lawyer, Florida
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Steven C Spence
Elder Law, Criminal, Immigration, Estate, Commercial Real Estate
Status: In Good Standing Licensed: 14 Years
Labelle, FL 33975
Profile LAWPOINTS™34/100
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Kenneth Knight Thompson
Government Agencies, Estate, Divorce & Family Law, Elder Law
Status: In Good Standing
1150 Lee Boulevard, Lehigh Acres, FL 33936
Profile LAWPOINTS™45/100
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John Louis Licciardi
Commercial Real Estate, Federal Appellate Practice, Trusts, Business
Status: In Good Standing Licensed: 34 Years
4135 7Th Ave Sw, Naples, FL 34119
Profile LAWPOINTS™24/100
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Lawyer.com can help you easily and quickly find Immokalee Estate Lawyers and Immokalee 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
FUNDING A TRUST
Transferring ownership of property to a trust.
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 The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent.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.
TRUST MERGER
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.
SPECIFIC BEQUEST
A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)
A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.
GRANTOR RETAINED INCOME TRUST
Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)
Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).
TESTAMENTARY TRUST
A trust created by a will, effective only upon the death of the willmaker.
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.
STATUTORY SHARE
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.
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.
SAMPLE LEGAL CASES
In re Estate of McKibbin
In re ESTATE of Loyette D. McKIBBIN, deceased. Larry H. McKibbin, as Personal Representative
of the Estate of Loyette D. McKibbin, Appellant, v. Alterra Health Care Corporation a/k/a Alterra
Healthcare Corporation; Beth M. Guinn a/k/a Beth Marie Waters Guinn; Tammie ...
Estate of Johnson v. Badger Acquisition
Failing to appropriately monitor the dispensing of medication for Norma J. Johnson; failing to
appropriately monitor the proximity in which the same medication was dispensed for Norma
J. Johnson; failing to adequately monitor Norma J. Johnson's medication administration; ...
SOVEREIGN HEALTHCARE v. Estate of Huerta
SOVEREIGN HEALTHCARE OF TAMPA, LLC, a/k/a Sovereign Healthcare of Tampa, LLC,
d/b/a Sovereign Healthcare of Tampa (as to Bayshore Pointe Nursing & Rehab Center),
Appellant, v. The ESTATE OF Florinda HUERTA, by and through Dennis HUERTA, ...
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