Barnard Trusts Lawyer, Vermont
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1-4 of 4 matches. Page 1 of 1
Liz Ryan Cole
Communication & Media Law, Constitutional Law, Trusts
Status: Retired Licensed: 47 Years
South Royalton, VT 05068
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64 Chester Rd, Springfield, VT 05156
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85 Washington St, Barre, VT 05641
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6971 Main Street, Waitsfield, VT 05673
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LEGAL TERMS
TRUST DEED
The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)
The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.
LETTERS TESTAMENTARY
The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)
The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.
CERTIFIED COPY
A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)
A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.
HEIR APPARENT
One who expects to be receive property from the estate of a family member, as long as she outlives that person.
HOLOGRAPHIC WILL
A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)
A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.
IRREVOCABLE TRUST
A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.
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.
PROBATE
The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)
The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.
PUBLIC ADMINISTRATOR
Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)
Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.
SAMPLE LEGAL CASES
Savage v. Walker
... Plaintiff is correct, however, that the absence of a writing is not fatal to trusts implied by law, which
include constructive trusts. ¶ 8. Plaintiff appears to have confused express trusts with constructive
trusts. "An express trust arises because the parties intended to create it. ...
NORTHERN SEC. INS. CO., INC. v. Doherty
... naming the Trust as an additional insured. This is so because, as the superior court
acknowledged, at common law, trusts are not independent legal entities with the
capacity to sue or be sued. See generally 1 A. Scott & W. Fratcher ...
Arnold v. Palmer
... From 1992 to 2001, it was owned by two trusts, The Raymond E. Palmer Trust and The Gertrude
M. Palmer Trust (Palmer Trusts). The Palmer Trusts leased the property to Corbin & Palmer
throughout this time. Raymond Palmer was an employee of Corbin & Palmer until 2002. ...
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