Bates Estate Lawyer, Oregon

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Damien R Yervasi

Accident & Injury, Criminal, Medical Malpractice, Slip & Fall Accident
Status:  In Good Standing           

Robert W Whitnah

Estate, Divorce & Family Law, Criminal, Business
Status:  In Good Standing           Licensed:  23 Years

J. David Coughlin

Personal Injury, Business, Real Estate, Estate Planning
Status:  In Good Standing           

Kenneth A Bardizian

Real Estate, Wills & Probate, Criminal, Corporate
Status:  Retired           Licensed:  52 Years

Ryan Holden

General Practice
Status:  In Good Standing           

Ryan Hoopes Holden

General Practice
Status:  In Good Standing           

Alan Schmeits

Litigation, Real Estate, Personal Injury, Contract
Status:  In Good Standing           Licensed:  48 Years

Andrew G. Martin

Commercial Real Estate, Family Law
Status:  In Good Standing           Licensed:  18 Years

Barbara P Seymour

General Practice
Status:  In Good Standing           Licensed:  64 Years

Carol L. Chaffee

Federal Appellate Practice
Status:  Inactive           Licensed:  34 Years

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)
A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

CERTIFICATION OF TRUST

See abstract of trust.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

MARITAL LIFE ESTATE TRUST

See AB trust.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.'

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.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)
The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.