South Bend Estate Lawyer, Indiana, page 3


Christopher C. Potts

Real Estate, Trusts, Corporate, Banking & Finance
Status:  In Good Standing           Licensed:  39 Years

James Richard Kuehl

Other, Trusts, Estate, Business
Status:  In Good Standing           Licensed:  51 Years

Joseph Lee Amaral

Real Estate, Estate, Business, Lawsuit & Dispute
Status:  In Good Standing           Licensed:  48 Years

Stephen L. Eslinger

Real Estate, Traffic, Lawsuit & Dispute, Estate
Status:  In Good Standing           Licensed:  41 Years
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Sara Elizabeth Tumbleson

Real Estate, Estate, Child Custody, Divorce & Family Law
Status:  In Good Standing           

Richard Bernard Urda

Trusts, Estate Planning, Estate, Employee Rights
Status:  In Good Standing           Licensed:  46 Years

Carmen Maria Piasecki

Landlord-Tenant, Estate, Employment, Criminal
Status:  In Good Standing           Licensed:  48 Years

Mary Patricia Hackett

Estate
Status:  In Good Standing           Licensed:  30 Years

Peter Andrew Timler

Estate
Status:  In Good Standing           Licensed:  13 Years

Paul J. Tillemans

Trusts, Estate
Status:  In Good Standing           Licensed:  49 Years

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LEGAL TERMS

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.'

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.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)
Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

GRANTOR

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

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)
Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)
A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'