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Timothy J. Doherty
About | Practice Areas
Law Office of Timothy J. Doherty
10 Crater Lake Ave Medford, OR 97504» view map
Estate Law
Experience You Can Trust

The topic of wills and trusts can be confusing, but my job is to help you decide what’s right for you. Call me to set up a free consultation.

800-878-0640
1. Timothy J. Doherty Medford, OR
  Attorney at Law- OR
  Empire College School of Law, J.D. 2012
2. AboutLaw Office of Timothy J. Doherty
  Experience You Can Trust
3. Practice AreasExpertise
  Estate
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Donald Watson

International Tax, Federal, Estate Planning, Estate

Status: In Good Standing Licensed: 28 Years

CONTACT

3312 Wheat Ridge Dr, Medford, OR 97504

Dwayne R Murray

Real Estate, Government, Trusts, Wills & Probate

Status: Inactive Licensed: 50 Years

CONTACT

134 White Oak Dr, Medford, OR 97504

Jennifer A Bridges

Wills, Guardianships & Conservatorships, Trademark, Corporate

Status: In Good Standing Licensed: 23 Years

CONTACT

10 Crater Lake Ave, Medford, OR 97504

Christina Marie Boccato

Estate Planning, Business & Trade, Corporate, Contract

Status: In Good Standing

CONTACT

3521 East Barnett Road, Medford, OR 97504

Erinn M Cypher

International Intellectual Property, Estate Planning, Employee Rights, Administrative Law

Status: In Good Standing Licensed: 13 Years

CONTACT

33 N. Central Ave., Medford, OR 97501

Sydnee B Dreyer

Government, Estate

Status: In Good Standing Licensed: 29 Years

CONTACT

823 Alder Creek Dr, Medford, OR 97504

Michael Joseph Mayerle

Litigation, Lawsuit & Dispute, Estate, Family Law

Status: In Good Standing Licensed: 21 Years

CONTACT

717 Murphy Rd, Medford, OR 97504

Carol Casey White

Lawsuit & Dispute, Trusts, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

10 Crater Lake Avenue, Medford, OR 97504

Robert M. Stone

Real Estate, Immigration, Trusts, Criminal

Status: In Good Standing Licensed: 30 Years

CONTACT

19 S Orange St, Medford, OR 97501

Jeffrey W Foxx

Real Estate, Trusts, Family Law, Contract

Status: In Good Standing Licensed: 42 Years

CONTACT

301 Crater Lake Ave, Medford, OR 97504

800-923-0641

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

CREDIT SHELTER TRUST

See AB trust.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

FAILURE OF ISSUE

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

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.'

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

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Shady Cove Estate Lawyer, Oregon

Sponsored Law Firm

Law Office of Timothy J. Doherty

SPONSORED LAWYERS

Donald Watson

Dwayne R Murray

Jennifer A Bridges

Christina Marie Boccato

Erinn M Cypher

Sydnee B Dreyer

Michael Joseph Mayerle

Carol Casey White

Robert M. Stone

Jeffrey W Foxx

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

GENERATION-SKIPPING TRANSFER TAX

ADMINISTRATION (OF AN ESTATE)

FINAL BENEFICIARY

CREDIT SHELTER TRUST

ENDOWMENT INSURANCE

FAILURE OF ISSUE

TRUST CORPUS

PROVING A WILL

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