Elma Estate Planning Lawyer, Washington, page 4

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Ronnie Soriano
About | Practice Areas
Soriano Law
104 W. Marcy Ave Montesano, WA 98563» view map
Estate Law
Where You Need to Be

An integral part of our legal services is to work closely with clients so that they can make the right decisions with respect to their legal needs.

800-337-9120
1. Ronnie Soriano 104 W. Marcy Ave Montesano, WA
  Attorney at Law- WA, 2010
  Whittier Law School, J.D. 2005
2. AboutSoriano Law
  Where You Need to Be
3. Practice AreasExpertise
  Estate Law
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2. Email
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Includes: Gift Taxation

Dianna Timm Dryden

Wills, Estate Planning, Estate, Elder Law

Status:

CONTACT

280 E Kuhn Ave, Union, WA 98592

Larry Dean Stout

Commercial Real Estate, Estate Planning, Estate, Bankruptcy

Status: Licensed: 38 Years

CONTACT

2525 17Th Ave Nw, Olympia, WA 98502

Frank Martin Franciscovich

Commercial Real Estate, Estate Planning, Business & Trade, Commercial Bankruptcy, Personal Injury

Status:

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341 W Wishkah St, Aberdeen, WA 98520

James M Richardson

Wills, Estate Planning, Estate, Family Law

Status: Licensed: 13 Years

CONTACT

2102 Carriage Dr Sw, Olympia, WA 98502

James Marston Brown

Wills, Estate Planning, Guardianships & Conservatorships, Elder Law

Status:

CONTACT

Aberdeen, WA 98520

Paul Lanan Battan

Estate Planning, Estate, Family Law, Guardianships & Conservatorships, Divorce

Status:

CONTACT

2620 R W Johnson Blvd Sw, Olympia, WA 98512

Mary Mchugh

Wills, Estate Planning, Guardianships & Conservatorships, Elder Law

Status: Licensed: 22 Years

CONTACT

Aberdeen, WA 98520

Jacqueline Kettman-Thomas

Education, Wills, Estate Planning, Estate

Status: Licensed: 19 Years

CONTACT

Olympia, WA 98511

Cynthia Sue Worth

International Tax, Wills, Estate Planning, Estate

Status:

CONTACT

6963 Littlerock Rd Sw, Olympia, WA 98512

Lisa Kay Mikkelson

Estate Planning, Guardianships & Conservatorships, Elder Law, Disability

Status: Licensed: 15 Years

CONTACT

Olympia, WA 98511

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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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

CREDIT SHELTER TRUST

See AB trust.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

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.

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.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

SAMPLE LEGAL CASES

IN RE ESTATE OF PALMER

... According to Fivecoat, the Palmers wanted to make a charitable contribution to World Gospel Mission after hearing his presentation on estate planning and charitable giving at an annual World Gospel Mission missionary conference. ...

IN RE DISCIPLINARY PROC. AGAINST BOTIMER

... The complaint alleged three counts of violating the RPCs stemming from Botimer's representation of Ruth in her tax, business, and estate planning matters. ... Botimer also assisted Ruth on estate planning matters, while advising Jan as a potential beneficiary of Ruth's estate. ...

State v. Thompson

... She said they needed the gifting power provided by the second power of attorney in order to do "estate planning" for Crawford. She said they spent Crawford's money on their charter business because it was a safer investment than the stock market. ...

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Elma Estate Planning Lawyer, Washington, page 4

Sponsored Law Firm

Soriano Law

SPONSORED LAWYERS

Dianna Timm Dryden

Larry Dean Stout

Frank Martin Franciscovich

James M Richardson

James Marston Brown

Paul Lanan Battan

Mary Mchugh

Jacqueline Kettman-Thomas

Cynthia Sue Worth

Lisa Kay Mikkelson

TIPS

LEGAL TERMS

RULE AGAINST PERPETUITIES

ESTATE TAXES

CREDIT SHELTER TRUST

PRETERMITTED HEIR

WILL

SPRINKLING TRUST

STATUTORY SHARE

RESIDUARY ESTATE

TRUSTEE

SAMPLE LEGAL CASES

IN RE ESTATE OF PALMER

IN RE DISCIPLINARY PROC. AGAINST BOTIMER

State v. Thompson

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