Bertha Estate Lawyer, Minnesota

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Timothy J Pederson

Real Estate, Personal Injury, Family Law, Trusts
Status:  In Good Standing           Licensed:  43 Years

Luther P Nervig

Real Estate, Personal Injury, Family Law, Trusts
Status:  Retired           Licensed:  57 Years

Gilda Marlene Clark

Real Estate, Immigration, Estate, Divorce & Family Law, DUI-DWI
Status:  In Good Standing           Licensed:  25 Years

Gregory A Peters

Government, Estate, Divorce & Family Law, Business, Slip & Fall Accident
Status:  In Good Standing           Licensed:  45 Years

Karen Hoffman

Commercial Real Estate, Wills & Probate, Divorce, Juvenile Law
Status:  In Good Standing           Licensed:  13 Years

Karen Hoffman

Commercial Real Estate, Mediation, Wills & Probate, Estate, Family Law
Status:  In Good Standing           

Joseph Alan Krueger

Government, Estate Planning, Family Law, Elder Law, Personal Injury
Status:  In Good Standing           Licensed:  21 Years

Franz Joseph Vancura

General Practice
Status:  In Good Standing           Licensed:  13 Years

Richard Edward Bosse

Estate, Trusts, Wills & Probate, Accident & Injury, Mass Torts
Status:  In Good Standing           Licensed:  52 Years

Jenifer Lynn Frohne

Estate Planning, Environmental Law Other, Securities, Bankruptcy
Status:  In Good Standing           Licensed:  14 Years

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

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800-943-8690

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LEGAL TERMS

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)
A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

CERTIFICATION OF TRUST

See abstract of trust.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)
A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)
A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)
Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)
Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.