Winter Springs Trusts Lawyer, Florida, page 2

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Timmy McClain
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McClain Law Firm, PA
P.O. Box 536387 Orlando, FL 32853» view map
Estate Law
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Let McClain Law Firm, PA handle all your Estate Planning needs today!

800-908-6270
1. Timmy McClain Orlando, FL
  Attorney at Law, FL
  Barry University School of Law, J.D. 2002
2. AboutMcClain Law Firm, PA
  A Law Firm That Cares
3. Practice AreasExpertise
  Estate Law
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Jeffrey Koltun

Tax, Trusts, Elder Law, Corporate, Commercial Real Estate

Status: Licensed: 39 Years

CONTACT

150 Spartan Dr, Maitland, FL 32751

Matthew Robert Gross

Commercial Real Estate, Wills, Trusts, Bankruptcy, Government

Status:

CONTACT

498 Palm Springs Dr, Altamonte Springs, FL 32701

Robert Neil Lerner

Real Estate, Business, Litigation, Trusts

Status: Licensed: 55 Years

CONTACT

Altamonte Springs, FL 32715

Donald George Morrison

Corporate, Construction, Litigation, Trusts

Status: Licensed: 41 Years

CONTACT

Altamonte Springs, FL 32716

Diana Passalacqua

Commercial Real Estate, Federal Appellate Practice, Trusts, Family Law

Status: Licensed: 23 Years

CONTACT

283 Cranes Roost Blvd, Altamonte Springs, FL 32701

Julie Eason Smith

Real Estate, Trusts, Wills & Probate

Status: Licensed: 34 Years

CONTACT

2060 Winter Springs Blvd, Oviedo, FL 32765

Raul Thomas Sosa

General Practice

Status: Licensed: 51 Years

CONTACT

478 E Altamonte Dr, Altamonte Springs, FL 32701

Charles D Wilder

International Tax, Wills, Trusts, Estate Planning, Elder Law

Status: Licensed: 45 Years

CONTACT

159 Lookout Pl, Maitland, FL 32751

Holiday Walsh

Lawsuit & Dispute, Government, Trusts

Status: Licensed: 38 Years

CONTACT

341 Alba Ln, Lake Mary, FL 32746

Lawrence Haber

Entertainment, Federal Appellate Practice, Trusts, Business & Trade

Status: Licensed: 42 Years

CONTACT

15 Escondido Ct, Altamonte Springs, FL 32701

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LEGAL TERMS

DEVISEE

A person or entity who inherits real estate under the terms of a will.

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.'

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.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

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.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

GRANTOR

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

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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Winter Springs Trusts Lawyer, Florida, page 2

Sponsored Law Firm

McClain Law Firm, PA

SPONSORED LAWYERS

Jeffrey Koltun

Matthew Robert Gross

Robert Neil Lerner

Donald George Morrison

Diana Passalacqua

Julie Eason Smith

Raul Thomas Sosa

Charles D Wilder

Holiday Walsh

Lawrence Haber

TIPS

LEGAL TERMS

DEVISEE

TRUST CORPUS

GENERATION-SKIPPING TRANSFER TAX

ANCILLARY PROBATE

WILL

FINAL BENEFICIARY

CHARITABLE TRUST

INTESTATE SUCCESSION

GRANTOR

SAMPLE LEGAL CASES

Doe v. Doe

Parker v. Shullman

Timmons v. Ingrahm

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