Ledyard Estate Planning Lawyer, Connecticut

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Includes: Gift Taxation

Robert R. Statchen

Real Estate, Wills & Probate, Estate Planning, Business Organization
Status:  In Good Standing           

Kevin W. Conway

Land Use & Zoning, Estate Planning, Family Law, Corporate
Status:  In Good Standing           Licensed:  68 Years

Nancy M O'Neil

Real Estate, Wills & Probate, Estate Planning, Family Law, Divorce & Family Law
Status:  In Good Standing           Licensed:  48 Years

Lois Garner Andrews

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

Peter A. Anderson

Business Organization, Estate Planning, Wills & Probate, Real Estate
Status:  Inactive           Licensed:  55 Years

Nancy M O Neil

Real Estate, Wills & Probate, Estate Planning, Family Law
Status:  In Good Standing           Licensed:  48 Years

Deborah J Tedford

Litigation, Estate Planning, Criminal, Elder Law, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  48 Years

James Tomilson Cole

Real Estate, Power of Attorney, Estate Planning
Status:  In Good Standing           Licensed:  12 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)
All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

FAMILY POT TRUST

See pot trust.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)
For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)
The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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.

SAMPLE LEGAL CASES

Przekopski v. Przekop

... defendants' appeal. The plaintiff and Barbara Przekop are siblings and the children of the decedent. Prior to the decedent's death, he had used survivorship bank accounts as a means of estate planning. He had established ...

PRZEKOPSKI v. PRZEKOP

... defendants' appeal. The plaintiff and Barbara Przekop are siblings and the children of the decedent. Prior to the decedent's death, he had used survivorship bank accounts as a means of estate planning. He had established ...

State v. Coccomo

... For instance, the transfer of property may be done for many legitimate purposes, such as estate planning, gifts to children, or a bona fide sale to an independent third party. The act of the transfer in the present case does not imply the fact to be inferred—that of a guilty mind. ...

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