Neelyville Estate Lawyer, Missouri

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Monte C. Phillips Lawyer

Monte C. Phillips

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Social Security, Disability

-Practiced Personal Injury law in Kansas City for over 20 years -Successfully handled many Disability Claims – Social Security and Veteran’s Disa... (more)

Jack H. Knowlan

State and Local, Workers' Compensation
Status:  In Good Standing           

Robert Todd Richardson

Premises Liability, Employment Discrimination, Personal Injury, Car Accident
Status:  In Good Standing           

Therese A. Schellhammer

Litigation, Mental Health, Federal Employees, Medical Malpractice
Status:  In Good Standing           

Dale E Nunnery

Criminal, Personal Injury, Real Estate, Social Security
Status:  In Good Standing           

Stephen Walsh

Divorce, Criminal, Wrongful Death, Personal Injury
Status:  In Good Standing           

Beth L. Moutrie

Landlord-Tenant, Estate Planning, Adoption, Collection
Status:  In Good Standing           

Christopher J. Miller

Corporate, Elder Law, Adoption, Estate Planning
Status:  In Good Standing           

Jennifer R. Williams

Wills, Workers' Compensation, Divorce & Family Law
Status:  In Good Standing           

Luke Matthew Henson

Traffic, Wills & Probate, Employment Discrimination, Divorce & Family Law
Status:  In Good Standing           Licensed:  9 Years

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Lawyer.com can help you easily and quickly find Neelyville Estate Lawyers and Neelyville 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

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).

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)
To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)
A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

GRANTOR

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

CREDIT SHELTER TRUST

See AB trust.

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

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.