Saint Joseph Trusts Lawyer, Missouri, page 2


Mark Allen Campbell

Estate Planning, Adoption, Corporate, Defamation & Slander
Status:  In Good Standing           Licensed:  6 Years

Scott L. Campbell

Wills & Probate, Criminal, Personal Injury, Car Accident
Status:  In Good Standing           

Joseph Anthony Gagnon

International Tax, Estate Planning, Elder Law, Corporate
Status:  In Good Standing           Licensed:  17 Years

Troy Lester Dietrich

Estate Planning, Family Law, Collection, Medical Malpractice
Status:  In Good Standing           
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Steven Beau Broussard

Estate Planning, Family Law, Elder Law, Personal Injury
Status:  In Good Standing           Licensed:  10 Years

Jennifer J. Dougan

Divorce & Family Law, Estate, Guardianships & Conservatorships
Status:  In Good Standing           

Richard Joseph Herndon

Wills & Probate, Estate, Elder Law, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  35 Years

John Arthur Miller

Adoption, Estate Planning, Landlord-Tenant, Power of Attorney
Status:  In Good Standing           Licensed:  28 Years

Christopher T. Patterson

Trusts, DUI-DWI, Child Custody, Personal Injury
Status:  In Good Standing           

Carrie Sue Doxsee

Bankruptcy & Debt, Divorce & Family Law, Estate, Traffic
Status:  In Good Standing           

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LEGAL TERMS

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.'

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

DEED OF TRUST

See trust deed.

TESTAMENTARY TRUST

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

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.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)
A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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.

SAMPLE LEGAL CASES

Wilson v. Rhodes

... 875 JEFFREY W. BATES, Chief Judge. The trial court granted a summary judgment requiring the successor trustees of two trusts to distribute certain assets to the personal representative of a decedent's estate. ... In September 1992, Husband and Wife established individual trusts. ...

Hardt v. Vitae Foundation, Inc.

... This rule applied to gifts both to charitable trusts and charitable corporations and was made primarily to prevent potential beneficiaries without a "special interest" in the gift from "vex[ing]" public charities with "frequent suits, possibly based on an inadequate investigation." Id. ...

Schumacher v. Schumacher

... Upon Grantor's death in May of 1998, the revocable trust split into three separate trusts: a qualified terminable interest property trust ("QTIP trust"), a marital trust, and a family trust. Topper is the sole trustee of the three trusts. ...