South Pasadena Trusts Lawyer, California, page 4

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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
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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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Christopher Allan Bury

Prosecution, Trusts, Estate, Civil Rights

Status: In Good Standing

CONTACT

1443 E Washington Blvd, La Canada Flintridge, CA 91104

Steven Gerry Sorell

International Tax, Wills, Trusts, Estate Planning, Business

Status: In Good Standing Licensed: 23 Years

CONTACT

140 S Lake Ave, La Canada Flintridge, CA 91101

Theresa Marie Cummings Pranata

Trusts, Estate

Status: In Good Standing

CONTACT

600 N Rosemead Blvd, La Canada Flintridge, CA 91107

Jennifer Fu Yang

Litigation, Trusts, Employee Rights, Corporate

Status: In Good Standing Licensed: 20 Years

CONTACT

3733 Rosemead Blvd, Rosemead, CA 91770

Agnes Sau-Chun Chiu

Government, Trusts

Status: In Good Standing Licensed: 33 Years

CONTACT

3733 Rosemead Blvd, Rosemead, CA 91770

Albert Edward Mead

Real Estate, Trusts, Estate Planning, Business & Trade

Status: In Good Standing

CONTACT

192 Ramona Pl, La Canada Flintridge, CA 91107

Peter R Palermo

International, Trusts, Gift Taxation, Estate

Status: In Good Standing Licensed: 61 Years

CONTACT

301 E Colorado Blvd, Pasadena, CA 91101

Erica B Deutsch

International Tax, Wills, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 13 Years

CONTACT

301 N Lake Ave, Pasadena, CA 91101

Lisa K Edwards

Trusts, Estate

Status: In Good Standing Licensed: 45 Years

CONTACT

1600 Huntington Dr, South Pasadena, CA 91030

Kimberly Ann Frasca-Delaney

Trusts

Status: In Good Standing Licensed: 24 Years

CONTACT

1600 Huntington Dr, South Pasadena, CA 91030

800-923-0641

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LEGAL TERMS

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

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.'

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.

FAMILY POT TRUST

See pot trust.

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

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.

SAMPLE LEGAL CASES

Schwartz v. Labow

... The probate court's general jurisdiction encompasses "the internal affairs of trusts" and "[o]ther actions and proceedings involving trustees...." 17000, subds. ... 427 (2) The probate court has general power and duty to supervise the administration of trusts. ...

In re Estate of Young

... (a)(2)(D).) The trial court ruled that the Estate was the prevailing party, because it had showed sufficient evidence of undue influence and fraud in the establishment of the trusts. ... A. Creation of Land Trusts and Operational Trusts; Background. ...

Bilafer v. Bilafer

... SIMONS, Acting PJ. On December 30, 1999, Mitchell J. Bilafer (Mitchell) [1] executed two irrevocable trusts (collectively, the 1999 Trusts). In 2006, Mitchell filed petitions to reform the 1999 Trusts to conform them to his intent. ...

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South Pasadena Trusts Lawyer, California, page 4

Sponsored Law Firm

Law Office of Timothy J. Doherty

SPONSORED LAWYERS

Christopher Allan Bury

Steven Gerry Sorell

Theresa Marie Cummings Pranata

Jennifer Fu Yang

Agnes Sau-Chun Chiu

Albert Edward Mead

Peter R Palermo

Erica B Deutsch

Lisa K Edwards

Kimberly Ann Frasca-Delaney

TIPS

LEGAL TERMS

INVESTOR

NONPROBATE

TRUST CORPUS

RESIDUARY ESTATE

FAMILY POT TRUST

GENERATION-SKIPPING TRANSFER TAX

HEIR AT LAW

ABSTRACT OF TRUST

ACCUMULATION TRUST

SAMPLE LEGAL CASES

Schwartz v. Labow

In re Estate of Young

Bilafer v. Bilafer

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