Friars Point Estate Planning Lawyer, Mississippi
Includes: Gift Taxation
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1-3 of 3 matches. Page 1 of 1
2565 Caffey St., Hernando, MS 38632
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Gerald W Chatham
Criminal, Estate Planning, Family Law, Litigation
Status: In Good Standing Licensed: 56 Years
291 Losher St, Hernando, MS 38632
Profile LAWPOINTS™35/100
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Mary Lynn Damare
Criminal, Estate Planning, Family Law, Litigation
Status: In Good Standing Licensed: 38 Years
4903 Henry Drive, Southaven, MS 38672
Profile LAWPOINTS™40/100
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LEGAL TERMS
RULE AGAINST PERPETUITIES
An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)
An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.
HEIR APPARENT
One who expects to be receive property from the estate of a family member, as long as she outlives that person.
ABSTRACT OF TRUST
A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)
A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'
LIVING TRUST
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'
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.
CHARITABLE TRUST
Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).
PROBATE COURT
A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)
A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.
FAMILY ALLOWANCE
A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)
A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.
SPECIAL ADMINISTRATOR
(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)
(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process
SAMPLE LEGAL CASES
IN RE COMMISSION ON MANDATORY CONTINUING LEGAL EDUCATION
... Tennessee Association of Criminal Defense Lawyers. Tennessee Trial Lawyers Association.
The National Center for Justice and the Rule of Law. The Southern California Tax & Estate
Planning Forum. The Southern Trust School (Alabama). Transportation Lawyers Association. ...
Howell v. May
... On April 11, 2000, Sharnee drove Ann to Hannaford's office. Sharnee and Ann met with Hannaford
and, as a result of that meeting, Hannaford prepared some estate planning documents for Ann. ¶
6. Two days later, Sharnee again drove Ann to Hannaford's office. ...
Daly v. Mississippi Bar
... Attachments to the petition and sixth supplemental petition documented his completion
of continuing legal education in areas including estate planning and tax law. The
Bar does not dispute that Daly has met this requirement. ...
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