Incline Village Trusts Lawyer, Nevada

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Richard Oscar Busch

General Practice
Status:  Inactive           Licensed:  25 Years

Sandra G. Lawrence

Trusts, Estate Planning, Employee Rights, Business
Status:  In Good Standing           

Richard Edward Thornley

General Practice
Status:  In Good Standing           Licensed:  47 Years

Richard Louis Klein

General Practice
Status:  In Good Standing           Licensed:  31 Years

James K Ltd Burau

Real Estate, Wills & Probate, Trusts, Estate Planning
Status:  In Good Standing           Licensed:  35 Years

Bradley Paul Elley

General Practice
Status:  In Good Standing           Licensed:  42 Years

Jared Bradley Brenner

Trusts
Status:  In Good Standing           Licensed:  4 Years

Christine Liliana Craig

Trusts, Estate, Wills
Status:  In Good Standing           Licensed:  32 Years

Susanna T. Kintz

Wills, Trusts, Contract, Business
Status:  In Good Standing           Licensed:  38 Years

John Lane Shadek

Commercial Real Estate, Litigation, Trusts, Contract
Status:  Inactive           Licensed:  47 Years

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LEGAL TERMS

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)
Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

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.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)
1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)
A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

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.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

GRANTOR

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

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)
To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

SAMPLE LEGAL CASES

Hartford Fire Ins. Co. v. TRUSTEES OF CONST. INDUS.

... employees' union. After the subcontractor failed to pay employee-benefit contributions owed to the trusts, the trusts' trustees sued, in federal court, the general contractor and its surety to recover the unpaid contributions. The ...

IN MATTER OF ORPHEUS TRUST

... It is one of several successor trusts to the historic John Paul Getty Family Trust created in California in 1934. ... DISCUSSION. In 2003, the Nevada Legislature enacted certain provisions of the Uniform Principal and Income Act, which govern the administration of trusts. ...

Waldman v. Maini

... While in some instances a corporation may acquire equitable ownership of a life insurance policy through such remedies as constructive and resulting trusts, the facts of this case do not support the imposition of those equitable remedies. ...