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Timmy McClain
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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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Stephen P. Heuston

Wills & Probate, Trusts, Estate Planning, Estate

Status: In Good Standing

CONTACT

2200 Front Street, Melbourne, FL 32901

Fernando M. Palacios

Immigration, Wills, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

2815 W. New Haven, Melbourne, FL 32904

Julie Jo Adams

Wills & Probate, Wills, Bankruptcy, Trusts

Status: In Good Standing

FREE CONSULTATION

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415 South Orlando Avenue, Winter Park, FL 32789

Lawrence Haber

Entertainment, Federal Appellate Practice, Trusts, Business & Trade

Status: In Good Standing Licensed: 42 Years

CONTACT

15 Escondido Ct, Altamonte Springs, FL 32701

Raul Thomas Sosa

General Practice

Status: Inactive Licensed: 51 Years

CONTACT

478 E Altamonte Dr, Altamonte Springs, FL 32701

Matthew Robert Gross

Commercial Real Estate, Wills, Trusts, Bankruptcy

Status: In Good Standing

CONTACT

498 Palm Springs Dr, Altamonte Springs, FL 32701

Donald George Morrison

Corporate, Construction, Litigation, Trusts

Status: In Good Standing Licensed: 41 Years

CONTACT

Altamonte Springs, FL 32716

Diana Passalacqua

Commercial Real Estate, Federal Appellate Practice, Trusts, Family Law

Status: In Good Standing Licensed: 23 Years

CONTACT

283 Cranes Roost Blvd, Altamonte Springs, FL 32701

Robert Neil Lerner

Real Estate, Business, Litigation, Trusts

Status: In Good Standing Licensed: 54 Years

CONTACT

Altamonte Springs, FL 32715

Matthew Robert Gross

Commercial Real Estate, Wills, Trusts, Bankruptcy

Status: In Good Standing

CONTACT

498 Palm Springs Dr, Altamonte Springs, FL 32701

800-923-0641

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LEGAL TERMS

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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.

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.

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.

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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Melbourne Trusts Lawyer, Florida

Sponsored Law Firm

McClain Law Firm, PA

SPONSORED LAWYERS

Stephen P. Heuston

Fernando M. Palacios

Julie Jo Adams

Lawrence Haber

Raul Thomas Sosa

Matthew Robert Gross

Donald George Morrison

Diana Passalacqua

Robert Neil Lerner

Matthew Robert Gross

TIPS

LEGAL TERMS

EXEMPTION TRUST

TRUSTEE POWERS

REAL ESTATE AGENT

INTESTATE SUCCESSION

DISCHARGE (OF PROBATE ADMINISTRATOR)

CHARITABLE TRUST

CONTINGENT BENEFICIARY

SPECIFIC BEQUEST

TRUST MERGER

SAMPLE LEGAL CASES

Doe v. Doe

Parker v. Shullman

Timmons v. Ingrahm

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