Ellendale Estate Lawyer, Minnesota

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Walter Michael Prescott

Trusts, Family Law, Banking & Finance, Bankruptcy
Status:  In Good Standing           Licensed:  7 Years

Eric J Mattison

Mass Torts, Wills & Probate, Labor Law, Corporate, Personal Injury
Status:  In Good Standing           Licensed:  41 Years

Mark Richard Carver

Construction, Welfare, Estate Planning, Elder Law, Bankruptcy
Status:  In Good Standing           Licensed:  27 Years

Kristin Kay Haberman

Commercial Real Estate, Wills & Probate, Elder Law, Corporate
Status:  In Good Standing           Licensed:  28 Years

Kent Francis Spellman

Estate
Status:  In Good Standing           Licensed:  44 Years

Allan Laugen Halvorsen

Estate, Real Estate
Status:  In Good Standing           Licensed:  33 Years

Jamie A Kyllo

Real Estate, Estate, Child Custody, Criminal
Status:  In Good Standing           Licensed:  45 Years

Beau Aaron Hartman

Estate Planning, Welfare, Personal Injury, Family Law, Criminal
Status:  In Good Standing           Licensed:  11 Years

Eythan Glen Frandle

Commercial Real Estate, Real Estate, Estate Planning, Estate, Corporate
Status:  In Good Standing           Licensed:  8 Years

Douglas R Peterson

Estate, Criminal
Status:  In Good Standing           Licensed:  40 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

TITLE COMPANY

A company that issues title insurance.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)
All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)
All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)
A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

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.

IRREVOCABLE TRUST

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

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)
A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.