Newport Beach Trusts Lawyer, California, page 2

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Mark Gomez
About | Practice Areas
Gomez Law, APC
3250 Wilshire Blvd Suite 1901 Los Angeles, CA 90010» view map
Estate Law
Dedication. Compassion. Trust.

Whether you are looking to purchase a house or commercial property or in the process of probate, we are here to provide the legal support you need to help you move forward.

800-901-4291
1. Mark Gomez Los Angeles, CA
  Attorney at Law - CA, 2013
  Rutgers University J.D. 2012
2. AboutGomez Law, APC
  A Modern Approach To Your Home & Your Future
3. Practice AreasExpertise
  Estate Law
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John Alva Adler

Litigation, Lawsuit & Dispute, Trusts, Estate

Status: In Good Standing Licensed: 55 Years

CONTACT

901 Dover Dr, Newport Coast, CA 92660

Philip John Gold

Wills, Wills & Probate, Trusts, Estate Planning

Status: Inactive Licensed: 48 Years

CONTACT

901 Dover Dr, Newport Coast, CA 92660

Robert Bismarck Houssels

Trusts, Estate

Status: In Good Standing Licensed: 32 Years

CONTACT

901 Dover Dr, Newport Coast, CA 92660

Joseph C. Obegi

Trusts

Status: In Good Standing Licensed: 54 Years

CONTACT

1101 Somerset Ln, Newport Coast, CA 92660

Henry Stanley Bent

General Practice

Status: In Good Standing Licensed: 36 Years

CONTACT

1020 W Bay Ave, Newport Coast, CA 92661

Sally Gersten Sopkin

Real Estate, Trusts, Estate, Contract

Status: In Good Standing Licensed: 21 Years

CONTACT

718 Harbor Island Dr, Newport Coast, CA 92660

Robert Lee Conn

Real Estate, Trusts, Litigation, Employee Rights

Status: In Good Standing Licensed: 44 Years

CONTACT

1048 Irvine Ave, Newport Coast, CA 92660

Maria Newkirk Fong

Real Estate, Trusts

Status: Inactive Licensed: 32 Years

CONTACT

503 Redlands Ave, Newport Coast, CA 92663

Blaine Morgan Brown

Trusts, Wills & Probate, Lawsuit & Dispute

Status: In Good Standing

CONTACT

2901 West Coast Highway, Newport Beach, CA 92663

Noelle Michelle Tomp

Trusts, Wills

Status: In Good Standing Licensed: 31 Years

CONTACT

2901 W Coast Hwy, Newport Coast, CA 92663

800-923-0641

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LEGAL TERMS

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

BENEFICIARY

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

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.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.

NET ESTATE

The value of all property owned at death less liabilities or debts.

SAMPLE LEGAL CASES

Schwartz v. Labow

... The probate court's general jurisdiction encompasses "the internal affairs of trusts" and "[o]ther actions and proceedings involving trustees...." 17000, subds. ... 427 (2) The probate court has general power and duty to supervise the administration of trusts. ...

In re Estate of Young

... (a)(2)(D).) The trial court ruled that the Estate was the prevailing party, because it had showed sufficient evidence of undue influence and fraud in the establishment of the trusts. ... A. Creation of Land Trusts and Operational Trusts; Background. ...

Bilafer v. Bilafer

... SIMONS, Acting PJ. On December 30, 1999, Mitchell J. Bilafer (Mitchell) [1] executed two irrevocable trusts (collectively, the 1999 Trusts). In 2006, Mitchell filed petitions to reform the 1999 Trusts to conform them to his intent. ...

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Newport Beach Trusts Lawyer, California, page 2

Sponsored Law Firm

Gomez Law, APC

SPONSORED LAWYERS

John Alva Adler

Philip John Gold

Robert Bismarck Houssels

Joseph C. Obegi

Henry Stanley Bent

Sally Gersten Sopkin

Robert Lee Conn

Maria Newkirk Fong

Blaine Morgan Brown

Noelle Michelle Tomp

TIPS

LEGAL TERMS

ESTATE TAXES

PROPERTY CONTROL TRUST

IN TERROREM

LAPSE

BENEFICIARY

DISINHERIT

SPRINKLING TRUST

OFFICER

NET ESTATE

SAMPLE LEGAL CASES

Schwartz v. Labow

In re Estate of Young

Bilafer v. Bilafer

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