Point Lookout Estate Lawyer, Missouri, page 3


Daniel Ray Coulter

Estate Planning, Labor Law, Family Law, Elder Law
Status:  In Good Standing           Licensed:  12 Years

Danielle R Kincaid

Estate Planning, Family Law, Elder Law, Bankruptcy
Status:  In Good Standing           Licensed:  10 Years

David Lawrence Smith

Estate Planning, Adoption, Corporate, Collection
Status:  In Good Standing           Licensed:  47 Years

David L. Smith

Construction Liens, Federal Appellate Practice, Estate Planning, Corporate
Status:  In Good Standing           
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Donald R Collins

Real Estate, Estate, Criminal, Medical Malpractice
Status:  In Good Standing           

Donald R. Duncan

Insurance, Construction, Trusts, Medical Malpractice
Status:  In Good Standing           

Emily J. Kembell

Estate Planning, Estate
Status:  In Good Standing           Licensed:  18 Years

Emily J. Kembell

Estate Planning, Wills & Probate, Gift Taxation, Private Schools
Status:  In Good Standing           Licensed:  18 Years

Emily J. Kembell

Estate Planning, Estate
Status:  In Good Standing           Licensed:  18 Years

Evelyn Gwin Mangan

International Tax, Estate Planning, Elder Law, Corporate
Status:  In Good Standing           

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LEGAL TERMS

IRREVOCABLE TRUST

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

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)
The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)
A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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.

TESTAMENTARY TRUST

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

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.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)
The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.