Polk City Trusts Lawyer, Florida, page 2

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E. Timothy McCullough
About | Practice Areas
McCullough Law
4926 Indian Deer Rd Windermere, FL 34786» view map
Estate Law
38 Years of Affordable Legal Service

Affordably protects the legal rights of individuals and families. When justice matters, so does the compassion and experience of your Lawyer.

800-748-9081
1. Tim McCullough Windermere, FL
  Attorney at Law - FL, 2007
  University of Pittsburgh J.D. 1981
2. AboutMcCullough Law
  38 Years of affordable legal service.
3. Practice AreasExpertise
  Estate Law
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Brian Knowles

Corporate, Real Estate, Trusts, Family Law

Status: In Good Standing Licensed: 18 Years

CONTACT

255 Magnolia Ave SW, Winter Haven, FL 33880

J. Kelly Kennedy

Income Tax, Trusts, Contract, Reorganization

Status: In Good Standing

CONTACT

198 1St Street South, Winter Haven, FL 33880

Carol Jeannine Wallace

Trusts, Child Custody, Elder Law, Commercial Real Estate, Estate

Status: In Good Standing Licensed: 45 Years

CONTACT

310 E Main St, Lakeland, FL 33801

Carol Bernhard Wallace

Trusts, Child Custody, Elder Law, Commercial Real Estate, Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

310 E Main St, Lakeland, FL 33801

Stephen C Watson

Civil Rights, Trusts, Personal Injury, Government, Environmental Law

Status: In Good Standing

CONTACT

107 S Florida Ave, Lakeland, FL 33802

E. Blake Paul

Collection, Personal Injury, Trusts, Land Use & Zoning, Estate

Status: In Good Standing

CONTACT

225 East Lemon Street, Lakeland, FL 33801

Daniel Medina

International Tax, Trusts, Elder Law, Corporate

Status: In Good Standing Licensed: 30 Years

CONTACT

402 S Kentucky Ave, Lakeland, FL 33801

Mariel Lanza

Commercial Real Estate, Elder Law, Trusts, Guardianships & Conservatorships

Status: In Good Standing Licensed: 12 Years

CONTACT

402 S Kentucky Ave, Lakeland, FL 33801

Theodore Willard Weeks

Construction, Trusts, Personal Injury, Litigation

Status: In Good Standing Licensed: 25 Years

CONTACT

402 S Kentucky Ave, Lakeland, FL 33801

Mark Fore

Corporate, Trusts, Guardianships & Conservatorships, Estate Planning

Status: In Good Standing

CONTACT

One Lake Morton Drive, Lakeland, FL 33801

800-923-0641

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LEGAL TERMS

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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.

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.

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.

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

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.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

SAMPLE LEGAL CASES

Doe v. Doe

... [1] The trusts administered by the Trustees include class gifts to the grandchildren of the settlors, Chester P. Doe, Jr. (Chester Jr.) and Eleanor Warren Doe (Eleanor). ... I. THE FACTS. A. The Trusts. On June 28, 1988, Chester Jr. ...

Parker v. Shullman

... Each of these trusts had sub-trusts for her daughter Lauri and granddaughter Cassie. Barbara designated 645 Shullman as the successor trustee of all of the trusts. ... When Barbara died, Shullman became trustee of the trusts. ...

Timmons v. Ingrahm

... In his will, Frank Sr. created two trusts: the Timmons Family Trust ("Family Trust") and the Timmons Marital Trust ("Marital Trust"). [1] The Timmons Family Trust was valued at $650,000. ... Myrtle was the sole income beneficiary of the trusts during her lifetime. ...

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Polk City Trusts Lawyer, Florida, page 2

Sponsored Law Firm

McCullough Law

SPONSORED LAWYERS

Brian Knowles

J. Kelly Kennedy

Carol Jeannine Wallace

Carol Bernhard Wallace

Stephen C Watson

E. Blake Paul

Daniel Medina

Mariel Lanza

Theodore Willard Weeks

Mark Fore

TIPS

LEGAL TERMS

LETTERS TESTAMENTARY

PUBLIC ADMINISTRATOR

GENERATION-SKIPPING TRUST

BYPASS TRUST

LAPSE

SPENDTHRIFT TRUST

TRUST MERGER

EXEMPTION TRUST

GRANT DEED

SAMPLE LEGAL CASES

Doe v. Doe

Parker v. Shullman

Timmons v. Ingrahm

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