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William Faulkner
About | Practice Areas
Faulkner Law Offices, LLC
331 Washington Avenue Marietta, GA 30060» view map
Estate Law
Plan For Your Future In Life And Business

Let Stan Faulkner, lead counsel at Faulkner Law Offices, help with your family's estate plan or business law strategy. He can streamline the entire legal process for you.

800-793-1121
1. https://www.lawyer.com/imgup/m/ecae876fb446db326350115e8070920e.jpg William Faulkner
  Attorney at Law- GA, 2001
  Saint Louis University School of Law, J.D. 2001
2. AboutFaulkner Law
  Plan For Your Future In Life And Business
3. Practice AreasExpertise
  Estate Law
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David C. Jones

Real Estate, Trusts, Estate Planning, Business Organization

Status: In Good Standing Licensed: 27 Years

CONTACT

3527 Walton Way Extension, Augusta, GA 30909

Howard S Bush

Real Estate, Wills & Probate, Trusts, Credit & Debt

Status: In Good Standing Licensed: 52 Years

CONTACT

462 Telfair St, Augusta, GA 30901

Laurel Payne Landon

Trusts, Labor Law, Employment

Status: In Good Standing Licensed: 30 Years

CONTACT

1450 Greene Street, Augusta, GA 30903

Charles W. Rowell

Tax, Trusts, Estate, Corporate

Status: Inactive Licensed: 51 Years

CONTACT

2346 Kings Way, Augusta, GA 30904

Elwyn G. Beddingfield

Trusts, Workers' Compensation, Insurance, Car Accident

Status: In Good Standing Licensed: 48 Years

CONTACT

3683 Wheeler Road, Augusta, GA 30909

James M Thomas

Real Estate, Wills & Probate, Trusts, Family Law

Status: In Good Standing Licensed: 51 Years

CONTACT

217 Davis Rd, Augusta, GA 30907

Judith M. Becker

Estate, Wills & Probate, Guardianships & Conservatorships, Trusts

Status: In Good Standing

CONTACT

Augusta, GA 30917

James C Folk

Real Estate, Wills & Probate, Trusts, Elder Law

Status: Retired Licensed: 51 Years

CONTACT

3714 Executive Center Dr, Augusta, GA 30907

Aubrey C. Rhodes

Tax, Trusts, Corporate, Contract

Status: In Good Standing Licensed: 47 Years

CONTACT

3938 Washington Rd, Augusta, GA 30907

Treza Latrail Edwards

Lawsuit & Dispute, Wills, Trusts, Criminal

Status: In Good Standing Licensed: 18 Years

CONTACT

4115 Columbia Rd, Augusta, GA 30907

800-923-0641

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LEGAL TERMS

FAMILY POT TRUST

See pot trust.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

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.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

SAMPLE LEGAL CASES

Cronic v. Baker

... Subsequently, the Attorney General of Georgia brought suit against Cronic in superior court, contending that both Item III(4) and III(5) of the Will created charitable trusts and that Cronic breached his fiduciary duties by failing to fully fund them. ...

Hood v. Todd

... trustee of the respective residuary trust established for her benefit. No other trustees of any other potential trusts (other than a successor trustee) are named. Todd claims to be Buffington's biological daughter, asserting that she ...

PRICEWATERHOUSECOOPERS, LLP v. Bassett

... A Cobb County jury returned a $10 million verdict in favor of William Bassett as the trustee for four private trusts in the trusts' claim for negligent misrepresentation against the accounting firm Pricewaterhouse-Coopers, LLP ("PwC"), as the successor to Coopers & Lybrand, LLP ...

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Sardis Trusts Lawyer, Georgia

Sponsored Law Firm

Faulkner Law Offices, LLC

SPONSORED LAWYERS

David C. Jones

Howard S Bush

Laurel Payne Landon

Charles W. Rowell

Elwyn G. Beddingfield

James M Thomas

Judith M. Becker

James C Folk

Aubrey C. Rhodes

Treza Latrail Edwards

TIPS

LEGAL TERMS

FAMILY POT TRUST

LETTERS TESTAMENTARY

ADEMPTION

RESIDUARY ESTATE

PUBLIC ADMINISTRATOR

ALTERNATE BENEFICIARY

IN TERROREM

INHERITANCE TAXES

POUR-OVER WILL

SAMPLE LEGAL CASES

Cronic v. Baker

Hood v. Todd

PRICEWATERHOUSECOOPERS, LLP v. Bassett

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