Oregon City Estate Lawyer, Oregon

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Benjamin Taylor Ybarra

Intellectual Property, Estate, Employment, Business
Status:  In Good Standing           Licensed:  12 Years

Cynthia Allen Mccormick

Elder Law, Commercial Real Estate, Estate Planning
Status:  In Good Standing           Licensed:  34 Years

Edward O'Branniga Lee

Immigration, Trusts, DUI-DWI, Business
Status:  In Good Standing           Licensed:  48 Years

Grant Yoakum

Estate, Divorce & Family Law, Business
Status:  In Good Standing           Licensed:  33 Years

J Gregory Salyards

Wills & Probate, Corporate, Elder Law, Estate Planning, International Other
Status:  In Good Standing           Licensed:  19 Years

J. Gregory Salyards

Real Estate, Litigation, Estate, Divorce & Family Law, Business
Status:  In Good Standing           Licensed:  15 Years

Jon S Henricksen

Commercial Real Estate, Estate Planning, Criminal
Status:  In Good Standing           Licensed:  51 Years

Joseph Quincy Kaufman

Business, Intellectual Property, Estate, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  37 Years

Karen Brownley Dawson

Education, Trusts, Estate, Child Custody
Status:  In Good Standing           

Kelly Michael Doyle

Estate, Divorce & Family Law, Criminal, Accident & Injury
Status:  In Good Standing           Licensed:  41 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

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.

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.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.

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.

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).

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.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

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.