Croton Trusts Lawyer, Ohio

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C. Lawrence  Huddleston Lawyer

C. Lawrence Huddleston

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Estate, Elder Law, Wills & Probate, Trusts

Larry Huddleston was admitted to the Bar in 1977 and has been an estate planning attorney for more than 20 years. He was in the first class of Certifi... (more)

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Thomas E. Baxter

Trusts, Estate Planning, Elder Law, Business Organization
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Jane Higgins Marx

Special Education, Wills & Probate, Trusts, Estate Planning, Estate
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Karen Mueller Moore

Tax, Trusts, Estate Planning, Estate
Status:  In Good Standing           Licensed:  49 Years

Michael D. Bonasera

Trusts, Estate Planning, Estate, Personal Injury
Status:  In Good Standing           Licensed:  22 Years

Andrew Jay Art

Entertainment, Trusts, Estate Planning, Estate, Business & Trade
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Thomas N. Taneff

Trusts, Estate Planning, Estate, Adoption
Status:  In Good Standing           

Misty Hartman Aldrich

Trusts, Estate Planning, Estate, Personal Injury
Status:  In Good Standing           Licensed:  40 Years

Alan Scott Acker

Trusts, Estate Planning, Estate, Family Law
Status:  In Good Standing           

Robert Charles Rafferty

Trusts, Estate Planning, Estate
Status:  In Good Standing           Licensed:  41 Years

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LEGAL TERMS

MARITAL LIFE ESTATE TRUST

See AB trust.

LIFE BENEFICIARY

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

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.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

CURATOR

See conservator.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)
Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)
1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

SAMPLE LEGAL CASES

Pack v. Osborn

... Alternatively, the trustee requested that the trust be reformed to meet the current statutory and regulatory standards for trusts that are noncountable resources. [1]. ... Restatement of the Law 2d, Trusts (1959), Section 2, comment f. ...

Bank One Trust Co., NA v. Scherer

... Roger died in 1982. Pursuant to the trust agreement, Bank One was to form three trusts: one for Roger's son, Ronald; one for Roger's daughter, Linda Scherer Talbott; and one for Roger's surviving spouse, Betty J. Scherer. The ...

Kormanik v. Cooper

... {¶ 2} These appeals involve cases in which Kormanik, acting as appointed guardian for two individuals who were found to be incompetent, filed actions in the probate court seeking to have qualifying pooled special-needs trusts established, pursuant to Section 1396p(d)(4)(C ...