Penn Estate Planning Lawyer, North Dakota


Includes: Gift Taxation

Amanda Jeanne Engen

Divorce & Family Law, Bankruptcy
Status:  In Good Standing           

Jeb Donavan Oehlke

General Practice
Status:  In Good Standing           Licensed:  16 Years

Michael N. Steffan

Lawsuit & Dispute, Estate, Bankruptcy, Accident & Injury
Status:  In Good Standing           Licensed:  47 Years

John W. Frith

Real Estate, Lawsuit & Dispute, Personal Injury, Accident & Injury
Status:  In Good Standing           Licensed:  55 Years

Douglas Leo Broden

Government, Criminal
Status:  In Good Standing           Licensed:  39 Years

Kelly Jane Swenseth

Real Estate, Industry Specialties, Estate, Business
Status:  In Good Standing           

Stephen Alan Fetch

Divorce & Family Law, Criminal, Tax, Estate, Business
Status:  In Good Standing           Licensed:  11 Years

John Thomas Traynor

Estate
Status:  In Good Standing           

John T. Traynor

Estate
Status:  In Good Standing           

Daniel Mack Traynor

Election & Political, Criminal, Insurance, Personal Injury
Status:  In Good Standing           

Free Help: Use This Form or Call 800-620-0900

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

Member Representative

Call me for fastest results!
800-943-8690

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

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

TIPS

Easily find Penn Estate Planning Lawyers and Penn Estate Planning Law Firms. For more attorneys, search all Estate areas including Trusts, Wills & Probate and Power of Attorney attorneys.

LEGAL TERMS

NET ESTATE

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

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.

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.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)
For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

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).

IRREVOCABLE TRUST

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

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.

SAMPLE LEGAL CASES

Langer v. Pender

... Josephine I. Pender estate. Langer and Weiss alleged that Phillip Pender improperly transferred real property to himself, violating Josephine Pender's estate planning documents, including the trust agreement. Langer and Weiss ...