New Albany Estate Lawyer, Indiana


Derrick H. Wilson Lawyer

Derrick H. Wilson

VERIFIED
Divorce & Family Law, Estate, Business Organization, Family Law, Business

Creativity and innovation are not terms typically associated with attorneys. At our firm creativity and innovation are at the heart of how we represen... (more)

George W. Gesenhues

Wills & Probate, Family Law, Corporate, Business Organization
Status:  In Good Standing           

Robert P. Hamilton

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

Lee Pettay

Social Security -- Disability, Estate Planning, Bankruptcy
Status:  In Good Standing           

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Timothy J. Naville

Wills & Probate, Trusts, Estate Planning, Elder Law
Status:  Inactive           Licensed:  30 Years

Matthew Wilder Lorch

Real Estate, Wills & Probate, Estate Planning, Corporate
Status:  In Good Standing           Licensed:  15 Years

George A. Streib

Family Law, Wills & Probate, Child Support, Estate Planning
Status:  In Good Standing           Licensed:  27 Years

Timothy Joseph Naville

Trusts, Estate, Bankruptcy
Status:  In Good Standing           

Steven Keith Palmquist

Estate, Real Estate, Business, Banking & Finance, Insurance
Status:  In Good Standing           Licensed:  42 Years

Linda Shearer Speed

Trusts, Estate
Status:  In Good Standing           

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

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LEGAL TERMS

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

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).

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)
The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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.

BENEFICIARY

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

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)
A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

CERTIFICATION OF TRUST

See abstract of trust.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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.