Pleasant Hope Estate Lawyer, Missouri, page 2


Leland C. Bussell

Estate Planning, Wills & Probate
Status:  In Good Standing           

Marsha Irene Stiles

Civil & Human Rights, Criminal, Wills & Probate, Family Law
Status:  In Good Standing           Licensed:  18 Years

Mendie Giles Schoeller

Family Law, Estate Planning, Divorce & Family Law, Estate
Status:  In Good Standing           Licensed:  18 Years

Cheri Kathryn Cobb

Family Law, Estate Planning, Landlord-Tenant, Traffic
Status:  In Good Standing           Licensed:  21 Years
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Glenn Patrick Green

Landlord-Tenant, Estate Planning, Corporate, Bankruptcy, Estate
Status:  In Good Standing           

Michael Ian Miller

General Practice
Status:  In Good Standing           Licensed:  17 Years

Russell W. Cook

Tax, Real Estate, Trusts, Corporate
Status:  In Good Standing           

Thomas J. O'Neal

Corporate, Bankruptcy, Estate Planning, Commercial Real Estate
Status:  In Good Standing           Licensed:  53 Years

David A. Fielder

Trusts, Family Law, Corporate, Personal Injury
Status:  In Good Standing           

Lee E. Poppen

Lawsuit & Dispute, Estate, Divorce & Family Law
Status:  In Good Standing           Licensed:  47 Years

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LEGAL TERMS

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)
An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

NET ESTATE

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

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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.

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).

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)
The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

BENEFICIARY

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