Pearland Wills & Probate Lawyer, Texas, page 6

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Law Office of Bryan Fagan
3707 Cypress Creek Pkwy Suite 400 Houston, TX 77068Â» view map
Divorce, Family Law, Child Custody
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1. Bryan Fagan Houston, TX
  Attorney at Law - TX, 2012
  South Texas College of Law, J.D. - 2011
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Includes: Estate Administration, Living Wills, Wills

Curlee Elwin Epperson

Consumer Bankruptcy, Family Law, Wills, Credit & Debt

Status: Licensed: 45 Years

CONTACT

117 E Edgewood Dr, Friendswood, TX 77546

Annabel Jaclyn Defty

Wills

Status: Licensed: 12 Years

CONTACT

104 Melody Lane, Friendswood, TX 77546

Julie E Grantham

Business, Elder Law, Employee Rights, Wills, International Other

Status: Licensed: 26 Years

CONTACT

555 N Friendswood Dr, Friendswood, TX 77546

Robert L. Wegner

Non-profit, Elder Law, Wills, Commercial Real Estate

Status: Licensed: 35 Years

CONTACT

4307 Winners Cir, Friendswood, TX 77546

Jeremiah David Canady

Bankruptcy, Business & Trade, Criminal, Family Law, Wills

Status: Licensed: 19 Years

CONTACT

4558 Fm 2351 Rd, Friendswood, TX 77546

Rae Venable Calvert

Elder Law, Wills, Commercial Real Estate

Status: Licensed: 46 Years

CONTACT

16930 Holland Road, Houston, TX 77584

Robert Vernon Market

Business & Trade, Wills, Intellectual Property

Status: Licensed: 22 Years

CONTACT

11408 Rashell Way, Houston, TX 77584

Cynthia Marie Hatchett

Non-profit, Elder Law, Family Law, Wills, Commercial Real Estate

Status:

CONTACT

11200 Broadway, Houston, TX 77584

Calvin Deshon Parks

Business & Trade, Criminal, Wills, State Appellate Practice, Juvenile Law

Status: Licensed: 25 Years

CONTACT

11200 Broadway, Houston, TX 77584

Ariana Alexis Lewis

Wills

Status: Licensed: 3 Years

CONTACT

11200 Broadway, Houston, TX 77584

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LEGAL TERMS

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.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

DEED OF TRUST

See trust deed.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

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.

SAMPLE LEGAL CASES

Frost Nat. Bank v. Fernandez

... The principal issue on appeal is whether the district court had jurisdiction to render summary judgment when similar bill of review proceedings and applications 497 for determination of heirship were pending in the probate court. ... 3. Probate Code. ...

In re Estate of Gaines

... The will also named Green and his wife the guardians of Gaines's children. Davis did not submit an application to probate Gaines's will for over three years after Gaines's death. ... In response, Davis submitted an application to probate Gaines's will on October 13, 2006. ...

In re Estate of Walker

... They appeal from an order of the probate court denying them relief in their complaint regarding an amended inventory filed by the independent executor of the deceased's estate. ... Beasley filed an application to probate the deceased's will on August 18, 2003. ...

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Pearland Wills & Probate Lawyer, Texas, page 6

Sponsored Law Firm

Law Office of Bryan Fagan

SPONSORED LAWYERS

Curlee Elwin Epperson

Annabel Jaclyn Defty

Julie E Grantham

Robert L. Wegner

Jeremiah David Canady

Rae Venable Calvert

Robert Vernon Market

Cynthia Marie Hatchett

Calvin Deshon Parks

Ariana Alexis Lewis

TIPS

LEGAL TERMS

CONTINGENT BENEFICIARY

SUCCESSION

AB TRUST

IRREVOCABLE TRUST

PER CAPITA

SPENDTHRIFT TRUST

DEED OF TRUST

LIVING TRUST

GENERATION-SKIPPING TRANSFER TAX

SAMPLE LEGAL CASES

Frost Nat. Bank v. Fernandez

In re Estate of Gaines

In re Estate of Walker

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