- Texas / Dunn / Dunn Estate
Dunn Estate Lawyer, Texas, page 2
Meredith Jade Fillingim Nieto
International, Gift Taxation, Business & Trade, Tax
Status: In Good Standing Licensed: 12 Years
1001 Scurry St, Big Spring, TX 79720
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LEGAL TERMS
POUR-OVER WILL
A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the 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.
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.
INCOMPETENCE
The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)
The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'
GRANT DEED
A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)
A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.
IN TERROREM
Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)
Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.
LIFE BENEFICIARY
A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.
INHERIT
To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)
To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.
SAMPLE LEGAL CASES
In re Estate of Tyner
Lacey Westbrook appeals from an adverse summary judgment rendered in the declaratory judgment
action she initiated to have JW Tyner's will construed. Westbrook contends the trial court erroneously
determined that she is not a beneficiary under the will, set the wrong postjudgment ...
In re Estate of Rhea
In October 2005, Charlotte and Trenton notified Charles of their intent to remove Wanda's personal
property from the marital home. Charles labeled some of the possessions in the home to mark
his own separate property, then left the house from November 11 through November 14. ...
In re Estate of Gaines
In eight issues, appellants argue (1) the trial court improperly disqualified Davis from serving
as the independent executor because no motion to disqualify or opposition was filed, (2) the
trial court erred in requiring Davis to turn over funds, (3) the trial court erred in denying ...
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