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Lawrenceville Trusts Lawyer, Georgia

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Anthony O. L. Powell

Eminent Domain, Real Estate, Wills & Probate, Trusts
Status:  In Good Standing           Licensed:  43 Years
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10 Lumpkin St, Lawrenceville, GA 30045
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John Hollingsworth

Commercial Real Estate, Immigration, Trusts, Business & Trade
Status:  In Good Standing           Licensed:  18 Years
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2250 Satellite Blvd, Alpharetta, GA 30097
Profile LAWPOINTS™34/100
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Pamela Roberts Nix

Wills & Probate, Trusts, Estate Planning, Credit & Debt
Status:  In Good Standing           Licensed:  43 Years
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3097 Satellite Blvd, North Metro, GA 30096
Profile LAWPOINTS™24/100
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LEGAL TERMS

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)
An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

CREDIT SHELTER TRUST

See AB trust.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

MARITAL LIFE ESTATE TRUST

See AB trust.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

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.'

SAMPLE LEGAL CASES

Cronic v. Baker

... Subsequently, the Attorney General of Georgia brought suit against Cronic in superior court, contending that both Item III(4) and III(5) of the Will created charitable trusts and that Cronic breached his fiduciary duties by failing to fully fund them. ...

Hood v. Todd

... trustee of the respective residuary trust established for her benefit. No other trustees of any other potential trusts (other than a successor trustee) are named. Todd claims to be Buffington's biological daughter, asserting that she ...

PRICEWATERHOUSECOOPERS, LLP v. Bassett

... A Cobb County jury returned a $10 million verdict in favor of William Bassett as the trustee for four private trusts in the trusts' claim for negligent misrepresentation against the accounting firm Pricewaterhouse-Coopers, LLP ("PwC"), as the successor to Coopers & Lybrand, LLP ...

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