Valrico Trusts Lawyer, Florida, page 2
Elizabeth Spivey Wheeler
Federal Appellate Practice, Trusts, Family Law, Civil Rights
Status: In Good Standing Licensed: 42 Years
217 E Robertson St, Brandon, FL 33511
Profile LAWPOINTS™26/100
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Thomas Patrick Gill
Other, Trusts, Family Law, Personal Injury
Status: In Good Standing Licensed: 51 Years
137 S Parsons Ave, Brandon, FL 33511
Profile LAWPOINTS™34/100
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David Wayne Magann
Trusts, Elder Law, Administrative Law, Personal Injury
Status: In Good Standing Licensed: 26 Years
Brandon, FL 33509
Profile LAWPOINTS™34/100
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Diana Zolner
Estate Planning, Child Custody, Elder Law, Commercial Real Estate, Trusts
Status: In Good Standing
1038 E Brandon Blvd, Brandon, FL 33511
Profile LAWPOINTS™27/100
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Ramsey William Scheuerle
Trusts, Family Law, Business, Bankruptcy, Wills
Status: In Good Standing Licensed: 13 Years
205 N Parsons Ave, Brandon, FL 33510
Profile LAWPOINTS™34/100
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Ricky Lynn Thacker
Commercial Real Estate, Litigation, Trusts, Corporate
Status: In Good Standing Licensed: 33 Years
791 W Lumsden Rd, Brandon, FL 33511
Profile LAWPOINTS™34/100
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902 W. Lumsden Road, Brandon, FL 33511
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1410 Astor Commons Pl, Brandon, FL 33511
Profile LAWPOINTS™36/100
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Christopher Thomas White
Federal Appellate Practice, Trusts, Civil Rights, Administrative Law
Status: In Good Standing Licensed: 16 Years
867 W Bloomingdale Ave, Brandon, FL 33511
Profile LAWPOINTS™34/100
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Melissa Sosa
Divorce & Family Law, Wills & Probate, Trusts, Business, Bankruptcy & Debt
Status: In Good Standing Licensed: 22 Years
FREE CONSULTATION 
CONTACT 952 W. Brandon Blvd., Brandon, FL 33511
Profile LAWPOINTS™67/100
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Easily find Valrico Trusts Lawyers and Valrico Trusts Law Firms. For more attorneys, search all Estate areas including Estate Planning, Wills & Probate and Power of Attorney attorneys.
LEGAL TERMS
AUGMENTED ESTATE
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.
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.
ADMINISTRATRIX
An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)
An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.
DEATH TAXES
Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)
Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.
AB TRUST
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.
LIFE INSURANCE
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays... (more...)
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays a regularly scheduled fee, known as the insurance premiums. The purpose of life insurance is to provide financial support to those who survive the policyholder, such as family members or business partners. When the policyholder dies, the insurance proceeds pass to the beneficiaries free of probate, though they are counted for federal estate tax purposes. group life insurance Life insurance available through an employer or association that covers participating employees and members under one master insurance policy. Most group life insurance policies are term insurance policies, that terminate when the member or employee reaches a certain age or leaves the organization and do not accumulate any cash surrender value. term life insurance No-frills life insurance, with neither cash surrender value nor loan value (an amount that can be used as collateral for a loan). Term life insurance provides a pre-set amount of coverage if the policyholder dies during the period of time specified in the policy. Policyholders usually have the option to renew at the end of the term for the period of years specified in the policy. Unlike whole life insurance, premiums generally increase as the insured person gets older and the risk of death increases.universal life insurance A type of whole life insurance that offers some additional features and advantages. Like whole life insurance, universal life insurance accumulates cash value through investment of the premium payments. The unique feature of universal life insurance is that it has variable premiums, benefits and payment schedules, all of which are tied to market interest rates and the performance of the investment portfolio. Also, universal life plicies normally provide you with more consumer information. For example, you are told how much of your policy payments goes for insurance company overhead expenses, reserves and policy proceed payments, and how much is retained and invested for your savings. This information isn't usually provided with whole life policies.variable life insurance A type of whole life insurance in which the amount of death benefits varies, depending on the performance of investments. The insurance company places some or all of the fixed premium payments into an investment account; some companies let the insured person decide how the money is invested. The policyholder bears the risk of investment losses, though there is a guaranteed minimum benefit payment. One benefit of variable insurance is that interest and dividend income from the investment account is not taxed until it is paid out to the policyholder.variable universal life insurance A type of whole life insurance that provides greater potential for financial gain--and brings greater risks. Like universal life insurance, variable universal life insurance offers flexible premiums, payment schedules and benefits. But variable universal life policies are riskier because the premiums are invested in stocks, rather than more predictable money market accounts and bonds. Also called universal variable life insurance.whole life insurance Life insurance that provides coverage for the entire life of the policyholder, who pays the same fixed premium throughout his or her life. The policy builds up cash reserves that may be paid out to the policyholder when he or she surrenders or partially surrenders the policy or uses the cash reserves to fund low-interest loans. The annual increase in the cash value of the policy is not taxed. If the policyholder surrenders the policy, a portion of the payment is not taxable. Also called straight life insurance or ordinary life insurance.
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.
SELF-PROVING WILL
A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)
A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.
CURATOR
See conservator.
SAMPLE LEGAL CASES
Doe v. Doe
... [1] The trusts administered by the Trustees include class gifts to the grandchildren
of the settlors, Chester P. Doe, Jr. (Chester Jr.) and Eleanor Warren Doe (Eleanor). ...
I. THE FACTS. A. The Trusts. On June 28, 1988, Chester Jr. ...
Parker v. Shullman
... Each of these trusts had sub-trusts for her daughter Lauri and granddaughter Cassie.
Barbara designated 645 Shullman as the successor trustee of all of the trusts. ... When
Barbara died, Shullman became trustee of the trusts. ...
Timmons v. Ingrahm
... In his will, Frank Sr. created two trusts: the Timmons Family Trust ("Family Trust") and the
Timmons Marital Trust ("Marital Trust"). [1] The Timmons Family Trust was valued at $650,000. ...
Myrtle was the sole income beneficiary of the trusts during her lifetime. ...
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