Livingston County, MO Estate Planning Lawyers
Includes: Gift Taxation
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903 Jackson St, Chillicothe, MO 64601
Profile LAWPOINTS™25/100
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Chillicothe, MO 64601
Profile LAWPOINTS™22/100
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Lauren Anne Horsman
Lawsuit & Dispute, Estate, Divorce & Family Law, Criminal
Status: Inactive Licensed: 16 Years
903 Jackson St, Chillicothe, MO 64601
Profile LAWPOINTS™22/100
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Christina Lynn Grouse
Landlord-Tenant, Dispute Resolution, Estate Planning, Family Law
Status: In Good Standing
803 Adam Drive, Chillicothe, MO 64601
Profile LAWPOINTS™17/100
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700 Webster St, Chillicothe, MO 64601
Profile LAWPOINTS™17/100
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LEGAL TERMS
TESTAMENTARY TRUST
A trust created by a will, effective only upon the death of the willmaker.
ANCILLARY PROBATE
A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)
A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.
ADMINISTRATOR
A person appointed by a probate court to handle the distribution of property of someone who has died without a will, or with a will that fails to name someone t... (more...)
A person appointed by a probate court to handle the distribution of property of someone who has died without a will, or with a will that fails to name someone to carry out this task. administrator ad litem A person appointed by a probate court to represent an estate during a lawsuit. (Ad litem is Latin for 'during the litigation.') An administrator ad litem is appointed only if there is no existing executor or administrator of the estate, or if the executor or administrator has conflicting interests. For example, Jerry's will leaves most of his property to his brother, Jeff, and also names Jeff as executor of the will. But Jerry's sister, Janine, feels that Jerry made the will under improper pressure from Jeff, and brings a lawsuit to challenge it. The court appoints an administrator ad litem to represent Jerry's estate while the lawsuit is in progress. Also known as administrator ad prosequendum, meaning administrator 'during the prosecution.' administrator ad prosequendum See administrator ad litem.administrator cum testamento annexo See administrator with will annexed. administrator de bonis non (DBN) Latin for 'administrator of goods not administered.' This term refers to the person appointed by a probate court to finish probate proceedings when the executor or previous administrator can't finish the job.administrator de bonis non cum testamento annexo (DBNCTA) A baffling title for an administrator appointed by a probate court to take over probate proceedings when the named executor dies, leaving the job unfinished.administrator pendente lite Latin for 'administrator pending litigation.' This term refers to the person appointed by a court to begin probate proceedings during a lawsuit that challenges the will. The administrator pendente lite takes an inventory of the deceased person's property and handles the business affairs of the estate until the dispute is settled. Also called a special administrator.administrator with will annexed An administrator who takes the place of an executor under a will. The administrator steps in either when a will fails to nominate an executor or the named executor is unable to serve. Also called administrator cum testamento annexo or CTA, the Latin version of 'with the will annexed.'
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.
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.
UNIFORM TRANSFER-ON-DEATH SECURITY ACT
A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)
A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.
INVESTOR
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.
IRREVOCABLE TRUST
A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.
DISCHARGE (OF PROBATE ADMINISTRATOR)
A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)
A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.
SAMPLE LEGAL CASES
Cramer v. Smoot
... Without seeking his permission, Smoot and Rice, Cramer's step-children, withdrew $58,000 from
the senior citizen's savings account. Both were listed on the account for estate planning purposes
only, and at no time had they contributed any money to the account. ...
WATERMANN v. Fitzpatrick
... a. Eleanor was unable to get out of the car she was in, to execute her Trust and other estate
planning documents; ... a. Wallace and Bonita saw Eleanor every day; b. Bonita scheduled Eleanor's
appointment with Mr. Zick, to discuss Eleanor's estate planning, and. ...
IN THE MATTER OF GENE WILD INSURANCE TRUST US BANK
... On July 10, 1990, Shirley Gene Wild ("Decedent") executed a number of estate-planning
documents, including the Gene Wild Revocable Trust agreement, which created the Gene Wild
Revocable Trust ("Revocable Trust"), and the Gene Wild Insurance Trust agreement, which ...
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