Punta Gorda Trusts Lawyer, Florida

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Atty. Raymond Mitchell
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The Law Firm of Raymond Mitchell
3717 Del Prado Blvd. South Cape Coral, Florida 33904 » view map
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1. Raymond B. Mitchell Cape Coral
  Attorney At Law - FL, 1994
  Regent University School of Law - 1993
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  A Chapter 7 liquidation proceeding is available to individuals, partnerships, and corporations.
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  A Chapter 13 bankruptcy, or "wage earner reorganization" is available only to individuals with regular income.
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Katharine Walter Payne

Business, Corporate, Estate Planning, Trusts

Status: In Good Standing

CONTACT

331 Sullivan Street, Punta Gorda, FL 33950

Guy Storms Emerich

Commercial Real Estate, International Tax, Trusts, Estate Planning

Status: In Good Standing

CONTACT

99 Nesbit St, Punta Gorda, FL 33950

Jennifer Racquel Howell

Commercial Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 27 Years

CONTACT

2705 Tamiami Trl, Punta Gorda, FL 33950

Bryan K Tippen

Commercial Real Estate, Trusts, Estate Planning, Elder Law, Contract

Status: In Good Standing Licensed: 10 Years

CONTACT

315 E Olympia Ave, Punta Gorda, FL 33950

John Bascom Mizell

Commercial Real Estate, International Tax, Trusts, Business

Status: In Good Standing

CONTACT

331 Sullivan St, Punta Gorda, FL 33950

Cheyenne Young

Real Estate, Wills & Probate, Trusts, Business

Status: In Good Standing Licensed: 23 Years

CONTACT

223 Taylor St, Punta Gorda, FL 33950

Hal F Wotitzky

Real Estate, Wills & Probate, Trusts, Family Law

Status: In Good Standing

CONTACT

223 Taylor St, Punta Gorda, FL 33950

Arlene C. Chase

Estate Planning, Elder Law, Commercial Real Estate, Business, Trusts

Status: In Good Standing Licensed: 23 Years

CONTACT

21216 Olean Blvd, Port Charlotte, FL 33952

Thomas W Garrard

Commercial Real Estate, Trusts, Estate Planning, Corporate

Status: In Good Standing Licensed: 58 Years

CONTACT

27202 Harbour Oaks Blvd, Punta Gorda, FL 33983

John Michael Rooney

Real Estate, Trusts, Estate

Status: Retired Licensed: 52 Years

CONTACT

Punta Gorda, FL 33951

800-923-0641

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LEGAL TERMS

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.

BENEFICIARY

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

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

CURATOR

See conservator.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

FUNDING A TRUST

Transferring ownership of property to a trust.

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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Punta Gorda Trusts Lawyer, Florida

Sponsored Law Firm

The Law Firm of Raymond Mitchell

SPONSORED LAWYERS

Katharine Walter Payne

Guy Storms Emerich

Jennifer Racquel Howell

Bryan K Tippen

John Bascom Mizell

Cheyenne Young

Hal F Wotitzky

Arlene C. Chase

Thomas W Garrard

John Michael Rooney

TIPS

LEGAL TERMS

AB TRUST

BENEFICIARY

RESIDUARY ESTATE

CURATOR

POWER OF APPOINTMENT

REAL ESTATE AGENT

FINAL BENEFICIARY

WILL

FUNDING A TRUST

SAMPLE LEGAL CASES

Doe v. Doe

Parker v. Shullman

Timmons v. Ingrahm

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