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Rexville Trusts Lawyer, New York

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800-814-6700

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James Timothy Embser

Trusts, Estate Planning, Construction, Housing & Urban Development
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  64 Years
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164 N Main St, Wellsville, NY 14895
Profile LAWPOINTS™19/100
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Joseph Gerald Pelych

Bankruptcy & Debt, Estate, Lawsuit & Dispute, Real Estate, Wills
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  42 Years
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211 Main St, Hornell, NY 14843
Profile LAWPOINTS™36/100
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Jennifer L. Donlon

Real Estate, Estate, Divorce & Family Law, Accident & Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  25 Years
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83 Main St, Hornell, NY 14843
Profile LAWPOINTS™24/100
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Jennifer K. Prossick

Real Estate, Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  23 Years
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5340 Buck Settlement Road, Bath, NY 14810
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Catherine Ann Von Hagn

Estate, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  9 Years
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12 Pulteney Square West, Bath, NY 14810
Profile LAWPOINTS™26/100
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Teresa Bauer Scofield

Real Estate, Estate, Divorce & Family Law, Criminal
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  33 Years
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10 W. Pulteney Sq., Bath, NY 14810
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Michelle Ann Cooke

Other, Estate, Child Custody, Divorce & Family Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           
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3 E Pulteney Square, Bath, NY 14810
Profile LAWPOINTS™34/100
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Member Representative

800-923-0641

Free Help: Use This Form or Call 800-943-8690

Member Representative

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800-943-8690

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LEGAL TERMS

KINDRED

Under some state's probate codes, all relatives of a deceased person.

CREDIT SHELTER TRUST

See AB trust.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)
A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)
A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)
A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)
An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)
Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

SAMPLE LEGAL CASES

Tzolis v. Wolff

... Chancellor Walworth applied to a joint stock corporation — then a fairly new kind of entity — a familiar principle of the law of trusts: that a beneficiary (or "cestui que trust") could bring suit on behalf of a trust when a faithless trustee refused to do so. ...

IN THE MATTER OF DE SANCHEZ

... In 1927, two years before the Great Depression, Elizabeth Laurent de Sanchez, whose family owned a sugar plantation in Cuba, set up seven inter vivos trusts for the benefit of her six children—Emilio (two trusts in his name), Jorge, Julio, Marcelo, Maria and Gabriela. ...

Matter of Mergenhagen

... as appealed from is unanimously reversed on the law without costs, 1487 the petitions are granted in part, the termination of trust dated October 10, 1994 is vacated, respondent David M. Mergenhagen is removed as trustee from the 1991 and 1994 irrevocable trusts, he is ...

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