Pond Gap Estate Lawyer, West Virginia, page 2

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Sandra K. Law
About | Practice Areas
Schrader Companion Duff & Law, PLLC.
401 Main Street Wheeling, WV 26003» view map
Accident & Injury Law
Knowledge, Integrity, Results

At Schrader Companion Duff & Law, PLLC., we are well aware of your rights, and are dedicated to getting you the compensation you and your loved ones deserve.

800-939-8771
1. Sandra K. Law Wheeling, WV
  Attorney at Law - WV, 1992
  Duquesne University J.D. 1992
2. AboutSchrader Companion Duff & Law, PLLC.
  Knowledge, Integrity, Results
3. Practice AreasExpertise
  Accident & Injury Law
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S. Benjamin Bryant

Litigation, Estate Planning, Family Law, Criminal

Status: In Good Standing Licensed: 47 Years

CONTACT

Charleston, WV 25323

Tammy Bowles Raines

Litigation, Estate Planning, Family Law, Personal Injury

Status: In Good Standing Licensed: 20 Years

CONTACT

227 Capitol St, Charleston, WV 25301

R. Ray Lovejoy

Employment, Environmental Law, Estate Planning, Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

500 Virginia Street East, Charleston, WV 25301

Kevin Duffy

Wills & Probate, Business

Status: In Good Standing

CONTACT

436 Main Street, Clay, WV 25043

Robert G. Tweel

Tax, Trusts, Estate Planning, Business

Status: In Good Standing Licensed: 32 Years

CONTACT

Charleston, WV 25322

Marc J. Slotnick

Commercial Real Estate, Real Estate, Estate Planning, Business

Status: In Good Standing

CONTACT

Charleston, WV 25337

Marc R. Weintraub

Real Estate, International, Estate Planning, Business

Status: In Good Standing Licensed: 25 Years

CONTACT

209 Capitol St, Charleston, WV 25301

John Franklin Allevato

International Tax, Estate Planning, Estate, Business, Credit & Debt

Status: In Good Standing

CONTACT

Charleston, WV 25321

Robert George Tweel

Tax, Trusts, Estate Planning, Business

Status: In Good Standing Licensed: 32 Years

CONTACT

Charleston, WV 25322

Robert E. Douglas

Arbitration, Business Organization, Estate Planning, Mediation

Status: In Good Standing Licensed: 69 Years

CONTACT

Charleston, WV 25323

800-923-0641

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LEGAL TERMS

HEIR APPARENT

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

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

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Pond Gap Estate Lawyer, West Virginia, page 2

Sponsored Law Firm

Schrader Companion Duff & Law, PLLC.

SPONSORED LAWYERS

S. Benjamin Bryant

Tammy Bowles Raines

R. Ray Lovejoy

Kevin Duffy

Robert G. Tweel

Marc J. Slotnick

Marc R. Weintraub

John Franklin Allevato

Robert George Tweel

Robert E. Douglas

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LEGAL TERMS

HEIR APPARENT

ALTERNATE BENEFICIARY

PREDECEASED SPOUSE

AB TRUST

TRUST CORPUS

LIVING TRUST

INTESTATE SUCCESSION

GENERATION-SKIPPING TRANSFER TAX

PUBLISHED WORK

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