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Timothy J. Doherty
About | Practice Areas
Law Office of Timothy J. Doherty
10 Crater Lake Ave Medford, OR 97504» view map
Estate Law
Experience You Can Trust

The topic of wills and trusts can be confusing, but my job is to help you decide what’s right for you. Call me to set up a free consultation.

800-878-0640
1. Timothy J. Doherty Medford, OR
  Attorney at Law- OR
  Empire College School of Law, J.D. 2012
2. AboutLaw Office of Timothy J. Doherty
  Experience You Can Trust
3. Practice AreasExpertise
  Estate
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Chamber A Dorheim

Estate Planning, Commercial Real Estate

Status: In Good Standing Licensed: 19 Years

CONTACT

807 Ne Alberta St, Portland, OR 97211

Nancy L Cowgill

Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 48 Years

CONTACT

760 Sw 9Th Ave, Happy Valley, OR 97205

W Todd Cleek

General Practice

Status: In Good Standing Licensed: 30 Years

CONTACT

2173 NE Broadway St, Happy Valley, OR 97232

Robert J. Preston

Commercial Real Estate, International Tax, Estate Planning, Business

Status: In Good Standing

CONTACT

707 Sw Washington St, Happy Valley, OR 97205

Terrence R Pancoast

Estate Planning, Estate, Non-profit

Status: In Good Standing Licensed: 56 Years

CONTACT

760 Sw 9Th Ave, Happy Valley, OR 97205

Kenneth D Bourne

Trusts, Traffic

Status: In Good Standing Licensed: 52 Years

CONTACT

8485 Sw Canyon Rd, Portland, OR 97225

William Todd Cleek

Federal, Estate Planning, Corporate, Commercial Bankruptcy

Status: In Good Standing Licensed: 28 Years

CONTACT

2173 Ne Broadway St, Happy Valley, OR 97232

David L Shawcross

Business, Real Estate, Trusts, Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

111 Sw Fifth Ave, Portland, OR 97204

Ronald A Shellan

Tax, Estate Planning, Commercial Real Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

111 Sw 5Th Ave, Portland, OR 97204

Lisa Carey Alan

Trusts, Gift Taxation, Estate Planning, Business

Status: In Good Standing

CONTACT

1200 Sw Main Street, Portland, OR 97205

800-923-0641

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LEGAL TERMS

CREDIT SHELTER TRUST

See AB trust.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

SUCCESSOR TRUSTEE

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

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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Rainier Estate Lawyer, Oregon, page 4

Sponsored Law Firm

Law Office of Timothy J. Doherty

SPONSORED LAWYERS

Chamber A Dorheim

Nancy L Cowgill

W Todd Cleek

Robert J. Preston

Terrence R Pancoast

Kenneth D Bourne

William Todd Cleek

David L Shawcross

Ronald A Shellan

Lisa Carey Alan

TIPS

LEGAL TERMS

CREDIT SHELTER TRUST

STATUTORY SHARE

QTIP TRUST

SUCCESSOR TRUSTEE

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

GRANTOR RETAINED INCOME TRUST

MARITAL LIFE ESTATE TRUST

TRUST MERGER

ESTATE TAXES

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