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Timmy McClain
About | Practice Areas
McClain Law Firm, PA
P.O. Box 536387 Orlando, FL 32853» view map
Estate Law
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Let McClain Law Firm, PA handle all your Estate Planning needs today!

800-908-6270
1. Timmy McClain Orlando, FL
  Attorney at Law, FL
  Barry University School of Law, J.D. 2002
2. AboutMcClain Law Firm, PA
  A Law Firm That Cares
3. Practice AreasExpertise
  Estate Law
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Brittany Miller

Trusts, Landlord-Tenant, Personal Injury, Corporate

Status: In Good Standing

CONTACT

90130 Old Hwy, Islamorada, FL 33070

Carol A Steinbock

Elder Law, Trusts, Real Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

147 Gardenia St, Islamorada, FL 33070

David L. Goldman

Estate Planning, Elder Law, Consumer Bankruptcy, Commercial Real Estate, Trusts

Status: In Good Standing

CONTACT

Homestead, FL 33092

David L. Goldman

Estate Planning, Elder Law, Consumer Bankruptcy, Commercial Real Estate, Trusts

Status: In Good Standing

CONTACT

Homestead, FL 33092

David L. Goldman

Estate Planning, Elder Law, Consumer Bankruptcy, Commercial Real Estate, Trusts

Status: In Good Standing

CONTACT

Homestead, FL 33092

David L. Goldman

Estate Planning, Elder Law, Consumer Bankruptcy, Commercial Real Estate, Trusts

Status: Inactive Licensed: 40 Years

CONTACT

Homestead, FL 33092

Joe A. Catarineau

Commercial Real Estate, International Tax, Wills, Trusts

Status: In Good Standing Licensed: 23 Years

CONTACT

91750 Overseas Hwy, Islamorada, FL 33070

800-923-0641

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LEGAL TERMS

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.

SURROGATE COURT

See probate court.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

GRANTOR

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

BENEFICIARY

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

DEVISEE

A person or entity who inherits real estate under the terms of a will.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

SAMPLE LEGAL CASES

Doe v. Doe

... [1] The trusts administered by the Trustees include class gifts to the grandchildren of the settlors, Chester P. Doe, Jr. (Chester Jr.) and Eleanor Warren Doe (Eleanor). ... I. THE FACTS. A. The Trusts. On June 28, 1988, Chester Jr. ...

Parker v. Shullman

... Each of these trusts had sub-trusts for her daughter Lauri and granddaughter Cassie. Barbara designated 645 Shullman as the successor trustee of all of the trusts. ... When Barbara died, Shullman became trustee of the trusts. ...

Timmons v. Ingrahm

... In his will, Frank Sr. created two trusts: the Timmons Family Trust ("Family Trust") and the Timmons Marital Trust ("Marital Trust"). [1] The Timmons Family Trust was valued at $650,000. ... Myrtle was the sole income beneficiary of the trusts during her lifetime. ...

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Key Largo Trusts Lawyer, Florida

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McClain Law Firm, PA

SPONSORED LAWYERS

Brittany Miller

Carol A Steinbock

David L. Goldman

David L. Goldman

David L. Goldman

David L. Goldman

Joe A. Catarineau

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LEGAL TERMS

TRUST MERGER

SURROGATE COURT

ACCUMULATION TRUST

OFFICER

TRUST DEED

GRANTOR

BENEFICIARY

DEVISEE

LIVING TRUST

SAMPLE LEGAL CASES

Doe v. Doe

Parker v. Shullman

Timmons v. Ingrahm

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