Hope Hull Trusts Lawyer, Alabama
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1-4 of 4 matches. Page 1 of 1
Laura L. Crum
Wills & Probate, Trusts, Employment, Corporate
Status: In Good Standing Licensed: 42 Years
Montgomery, AL 36101
Profile LAWPOINTS™40/100
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Tiffanie Nicole Purvis
Mediation, Arbitration, Wills & Probate, Trusts
Status: In Good Standing Licensed: 14 Years
400 Washington Ave, Montgomery, AL 36116
Profile LAWPOINTS™24/100
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Raley Livingston Wiggins
Federal Appellate Practice, Trusts, Estate Planning, Elder Law
Status: In Good Standing Licensed: 14 Years
445 Dexter Avenue, Montgomery, AL 36104
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2660 Eastchase Lane, Montgomery, AL 36117
Profile LAWPOINTS™29/100
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LEGAL TERMS
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.
RESIDUARY BENEFICIARY
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.
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.
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.
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).
TAKING AGAINST THE WILL
A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)
A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.
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.
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
EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)
A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)
A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.
SAMPLE LEGAL CASES
Ex parte Synovus Trust Co., NA
... [2]. The Raineses allege that, in connection with the creation of the Robert F. Raines Management
Trust and the Helen H. Raines Management Trust ("the trusts"), Mr. and Mrs. Raines each entered
into an investment agreement with Synovus Trust Corporation. ...
Ex parte Byrom
... This Court held that § 43-8-224 did not apply to trusts. ... We further rejected the argument that we
should follow some other "jurisdictions in which courts have found that an antilapse statute, on
its face applicable only to wills, reaches trusts as well." 888 So.2d at 485. ...
Regions Bank v. Reed
REGIONS BANK v. Jean W. REED, individually and as cotrustee of the Clement S. Walter Trust;
Mary W. Haynes, individually and as cotrustee of the Clement S. Walter Trust; and Susan W.
Stockham, individually and as trustee and cotrustee of various family trusts. ...
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