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Ashton Dunn
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Law Offices of Ashton Dunn
139 N Balsam Ste 1300 Ridgecrest, CA 93556» view map
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1. Ashton Dunn Ridgecrest, CA
  Attorney at Law - CA, 1999
  Peoples COL, J.D., 1999
2. AboutLaw Offices of Ashton Dunn
  Over 20 years of experience.
3. Practice AreasExpertise
  Bankruptcy Law
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Layton Lee Pace

International, Trusts, Gift Taxation, Estate

Status: In Good Standing Licensed: 37 Years

CONTACT

555 Pier Ave, Hermosa Beach, CA 90254

Brad Naley Baker

Trusts, Estate, Unfair Competition, Antitrust

Status: In Good Standing

CONTACT

515 Pier Ave, Hermosa Beach, CA 90254

Fred Francis Corbalis

Commercial Real Estate, Wills, Trusts, Business

Status: In Good Standing Licensed: 37 Years

CONTACT

707 Torrance Blvd, Redondo Beach, CA 90277

Peggi Collins

Real Estate, Trusts, Estate, Business

Status: In Good Standing

CONTACT

116 Avenue, Redondo Beach, CA 90277

Eric Bryan Jeter

Litigation, Wills, Trusts, Elder Law

Status: In Good Standing Licensed: 16 Years

CONTACT

3655 Torrance Blvd, Torrance, CA 90503

Staci Kimiko Yamashita-iida

Wills, Trusts, Estate, Elder Law

Status: In Good Standing Licensed: 10 Years

CONTACT

3655 Torrance Blvd, Torrance, CA 90503

Karen Renee Holt

Trusts, Estate Planning

Status: In Good Standing Licensed: 27 Years

CONTACT

3868 W Carson St, Torrance, CA 90503

Stirling Sydney Rahe

Estate Planning, International Tax, Commercial Real Estate, Trusts, Estate

Status: In Good Standing

CONTACT

113 Terraza Pl, Manhattan Beach, CA 90266

Jason Mark Murai

Wills, Trusts, Estate Planning, Estate, Bankruptcy

Status: In Good Standing

CONTACT

21250 Hawthorne Blvd, Torrance, CA 90503

Christine A. Daniels

Trusts, Gift Taxation, Estate Planning, Estate

Status: In Good Standing Licensed: 9 Years

CONTACT

21250 Hawthorne Blvd, Torrance, CA 90503

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

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.'

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.

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.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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.

SAMPLE LEGAL CASES

Schwartz v. Labow

... The probate court's general jurisdiction encompasses "the internal affairs of trusts" and "[o]ther actions and proceedings involving trustees...." 17000, subds. ... 427 (2) The probate court has general power and duty to supervise the administration of trusts. ...

In re Estate of Young

... (a)(2)(D).) The trial court ruled that the Estate was the prevailing party, because it had showed sufficient evidence of undue influence and fraud in the establishment of the trusts. ... A. Creation of Land Trusts and Operational Trusts; Background. ...

Bilafer v. Bilafer

... SIMONS, Acting PJ. On December 30, 1999, Mitchell J. Bilafer (Mitchell) [1] executed two irrevocable trusts (collectively, the 1999 Trusts). In 2006, Mitchell filed petitions to reform the 1999 Trusts to conform them to his intent. ...

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Redondo Beach Trusts Lawyer, California, page 2

Sponsored Law Firm

Law Offices of Ashton Dunn

SPONSORED LAWYERS

Layton Lee Pace

Brad Naley Baker

Fred Francis Corbalis

Peggi Collins

Eric Bryan Jeter

Staci Kimiko Yamashita-iida

Karen Renee Holt

Stirling Sydney Rahe

Jason Mark Murai

Christine A. Daniels

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LEGAL TERMS

REAL ESTATE AGENT

POWER OF APPOINTMENT

INTESTATE SUCCESSION

STATUTORY SHARE

TRUST CORPUS

AB TRUST

ESTATE TAXES

AUGMENTED ESTATE

LAPSE

SAMPLE LEGAL CASES

Schwartz v. Labow

In re Estate of Young

Bilafer v. Bilafer

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