Granby Estate Lawyer, Connecticut
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Jason Edward Bogli
Real Estate, Business, Wills, Prosecution
Status: In Good Standing *Status is reviewed annually. For latest information visit here Licensed: 28 Years
198R Salmon Brook St, Granby, CT 06035
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LEGAL TERMS
ACCUMULATION TRUST
A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)
A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation 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.
INTESTATE SUCCESSION
The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)
The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.
QDOT TRUST
A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)
A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.
DEED OF TRUST
See trust deed.
GENERATION-SKIPPING TRUST
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.
GENERATION-SKIPPING TRANSFER TAX
A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)
A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.
PROVING A WILL
Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)
Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.
LAPSE
Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)
Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.
SAMPLE LEGAL CASES
WE 470 MURDOCK, LLC v. Cosmos Real Estate, LLC
958 A.2d 1248 (2008). 289 Conn. 938. WE 470 MURDOCK, LLC v. COSMOS REAL ESTATE,
LLC, et al. Supreme Court of Connecticut. Decided October 3, 2008. Sabato P. Fiano, in
support of the petition. Melvin A. Simon, Hartford, in opposition. ...
WE 470 MURDOCK, LLC v. Cosmos Real Estate
The following facts and procedural history are relevant to our resolution of the plaintiff's
appeal. The defendant is a limited liability corporation formed by Dina Begetis, Pagioti Begetis
and Efrosene Begetis, all of whom are daughters of Asimina Begetis. On March 1, 2004, ...
Caltabiano v. L AND L REAL ESTATE HOLDINGS
The following facts and procedural history are relevant to the resolution of the plaintiffs'
appeal. Cumberland Farms, 1260 Inc., is the owner of commercial property located at 1211-1223
Boston Post Road, within the commercial town center district of Westbrook. The Dohnna, ...
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