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Lengby Estate Lawyer, Minnesota, page 2

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11-19 of 19 matches. Page 2 of 2  

James A Beuning

General Practice
Status:  Retired           Licensed:  59 Years
CONTACT
Mahnomen, MN 56557
Profile LAWPOINTS™12/100
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Andrew J Wambach

General Practice
Status:  Deceased           Licensed:  65 Years
CONTACT
Mahnomen, MN 56557
Profile LAWPOINTS™12/100
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Darlene Rivera Spalla

General Practice
Status:  In Good Standing           Licensed:  22 Years
CONTACT
311 N. Main Street, Mahnomen, MN 56557
Profile LAWPOINTS™12/100
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Maurice O Nelson

General Practice
Status:  Inactive           Licensed:  77 Years
CONTACT
Fosston, MN 56542
Profile LAWPOINTS™7/100
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Katherine Headley

General Practice
Status:  Inactive           Licensed:  22 Years
CONTACT
Bagley, MN 56621
Profile LAWPOINTS™7/100
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Katherine Headley

General Practice
Status:  Inactive           Licensed:  22 Years
CONTACT
Bagley, MN 56621
Profile LAWPOINTS™7/100
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Katherine Headley

General Practice
Status:  Inactive           Licensed:  22 Years
CONTACT
Bagley, MN 56621
Profile LAWPOINTS™7/100
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Matthew Eugene Headley

General Practice
Status:  In Good Standing           Licensed:  17 Years
CONTACT
Bagley, MN 56621
Profile LAWPOINTS™7/100
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Katherine Headley

General Practice
Status:  Inactive           Licensed:  22 Years
CONTACT
Bagley, MN 56621
Profile LAWPOINTS™7/100
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Lawyer.com can help you easily and quickly find Lengby Estate Lawyers and Lengby Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)
The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

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.

CERTIFICATION OF TRUST

See abstract of trust.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)
A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)
A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

CREDIT SHELTER TRUST

See AB trust.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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