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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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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
Profile LAWPOINTS™19/100
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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
Profile LAWPOINTS™24/100
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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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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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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
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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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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

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)
A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

MARITAL LIFE ESTATE TRUST

See AB trust.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)
All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)
A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)
The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)
Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

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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