Ridgeland Estate Lawyer, Mississippi

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Owen Lalor
About | Practice Areas
Lalor Aby & Morgan, PLLC
230 Trace Colony Park Dr. Suite 4 Ridgeland, MS 39157» view map
Estate Law
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If you need an experienced litigation attorney, look no further than Lalor Aby & Morgan, PLLC.

800-758-9910
1. Owen Lalor Ridgeland, MS
  Attorney at Law- MS, 1978
  Vanderbilt University Law School, J.D. 1978
2. AboutLalor Aby & Morgan, PLLC
  Get the Legal Support You Need
3. Practice AreasExpertise
  Estate Law
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Benjamin Powell Sones

Corporate, Entertainment, Credit & Debt, Wills & Probate

Status: Licensed: 19 Years

CONTACT

992 Northpark Dr, Ridgeland, MS 39157

Betty Slade Derossette

Estate, Adoption

Status:

CONTACT

406 Orchard Park, Ridgeland, MS 39157

Jay A. Norris

Tax, Estate Planning, Transactions, Business

Status:

CONTACT

1076 Highland Colony Parkway, Ridgeland, MS 39157

Laura W. Givens

Tax, Lawsuit & Dispute, Estate, Business

Status:

FREE CONSULTATION

CONTACT

4500 I-55 North, Jackson, MS 39211

Ashley Nicole Wicks

Commercial Real Estate, Gift Taxation, Business & Trade, Banking & Finance

Status:

CONTACT

Ridgeland, MS 39158

Kathleen R Fewel

Estate Planning, Estate, Family Law, Elder Law

Status: Licensed: 35 Years

CONTACT

406 Orchard Park, Ridgeland, MS 39157

Roger L McGehee

Lawsuit & Dispute, Estate, Criminal, Bankruptcy

Status: Licensed: 56 Years

CONTACT

1058 Ridgewood Place, Jackson, MS 39211

William B Howell Ltd

Real Estate, Trusts, Credit & Debt

Status:

CONTACT

406 Orchard Park, Ridgeland, MS 39157

Ryan Lewis Pratt

Public Utilities, Estate Planning, Collaborative Law, Business & Trade

Status: Licensed: 18 Years

CONTACT

574 Highland Colony Pkwy, Ridgeland, MS 39157

800-814-6700

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LEGAL TERMS

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.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

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.

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

CURATOR

See conservator.

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.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

Ridgeland Estate Lawyer, Mississippi

Sponsored Law Firm

Lalor Aby & Morgan, PLLC

SPONSORED LAWYERS

Benjamin Powell Sones

Betty Slade Derossette

Jay A. Norris

Laura W. Givens

Ashley Nicole Wicks

Kathleen R Fewel

Roger L McGehee

William B Howell Ltd

Ryan Lewis Pratt

TIPS

LEGAL TERMS

RESIDUARY ESTATE

DEATH TAXES

CONSERVATOR

ADMINISTRATRIX

CURATOR

EXEMPTION TRUST

FAMILY ALLOWANCE

ACCUMULATION TRUST

FAMILY POT TRUST

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