Pompano Beach Trusts Lawyer, Florida, page 4

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John Richard Gillespie

Civil Rights, Trusts, Mediation, Legal Malpractice
Status:  In Good Standing           Licensed:  48 Years

Michael Scott Gross

Estate Planning, International Tax, Commercial Real Estate, Business, Trusts
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William Russell Black

Commercial Real Estate, Trusts, Estate Planning, Estate
Status:  In Good Standing           Licensed:  31 Years

Michael Scott Gross

Commercial Real Estate, International Tax, Trusts, Estate Planning, Business
Status:  In Good Standing           Licensed:  29 Years

Peter A Portley

Commercial Real Estate, Arbitration, Trusts, Civil Rights
Status:  In Good Standing           Licensed:  56 Years

Michael David Felton

Trusts, Family Law, Corporate, Personal Injury
Status:  In Good Standing           Licensed:  47 Years

Rohan Kelley

Litigation, Wills, Trusts, Estate Planning, Estate
Status:  In Good Standing           Licensed:  59 Years

Adam Lusthaus

Commercial Real Estate, International Tax, Wills & Probate, Trusts, Corporate
Status:  In Good Standing           

Heidi Fran Friedman

Trusts, Estate Planning, Elder Law, Civil & Human Rights
Status:  In Good Standing           Licensed:  30 Years

Mindy Ellen Datz

Commercial Real Estate, Real Estate, Trusts
Status:  In Good Standing           Licensed:  29 Years

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LEGAL TERMS

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

FUNDING A TRUST

Transferring ownership of property to a trust.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)
Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)
The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)
The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

BENEFICIARY

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

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. ...