Grand Junction Trusts Lawyer, Colorado, page 2

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James Golden

Real Estate, Business & Trade, Trusts, Wills & Probate

Status: Licensed: 71 Years

CONTACT

Grand Junction, CO 81502

Keith G. Mumby

Trusts

Status: Licensed: 68 Years

CONTACT

2808 North Avenue, Grand Junction, CO 81501

Ladonna Shearer

Estate Administration, Trusts, Estate Planning, Bankruptcy & Debt

Status: Licensed: 30 Years

CONTACT

Fruita, CO 81521

Ladonna Shearer

Wills & Probate, Trusts, Elder Law, Bankruptcy & Debt

Status: Licensed: 16 Years

CONTACT

327 N 7Th St, Grand Junction, CO 81501

Larry B Beckner

Real Estate, Wills & Probate, Trusts, Corporate

Status: Licensed: 48 Years

CONTACT

Alpine Bank Bldg Ste, Grand Junction, CO 81501

Leila Jacquelyn Milliken

Business & Trade, Trusts

Status: Licensed: 20 Years

CONTACT

827 Gunnison Ave, Grand Junction, CO 81501

Loretta Ann Cahill

Lawsuit & Dispute, Trusts, Environmental Law, Business

Status:

CONTACT

Grand Junction, CO 81502

Marc Everett Summers

Trusts, Estate, Elder Law, Business

Status:

CONTACT

Grand Junction, CO 81502

Melinda K Guthrie

Litigation, Juvenile Law, Trusts

Status: Licensed: 23 Years

CONTACT

300 Main St, Grand Junction, CO 81501

Paul M. Smith

Trusts, Child Custody, Elder Law, Business

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1250 E. Sherwood Drive, Grand Junction, CO 81501

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LEGAL TERMS

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.

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.

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

CURATOR

See conservator.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

SAMPLE LEGAL CASES

Barber v. Ritter

... which they allege became general tax dollars as a result of the transfer, would be expended to defray "general governmental expenses unrelated to the respective purposes for which the cash funds were created"; (2) some of the funds involved were "public trusts," and therefore ...

Saunders v. MURATORI

... See Moore v. 1600 Downing Street, Ltd., 668 P.2d 16, 19 (Colo.App.1983) ("`It is fundamental to the law of trusts that cestuis have the right `upon the general principles of equity' ... and `independently of [statutory] provisions ... ...

IN RE VINTON v. Virzi

... App. 2000). Â¶18 With regard to Virzi's allegation of misrepresentation of ownership, for hundreds of years it has been true of the English and American law of trusts that "title" is "colorless" because the person in whom the ... Restatement (Second) of Trusts Â§ 2 cmt. d (1959). ...

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Grand Junction Trusts Lawyer, Colorado, page 2

Sponsored Law Firm

Fischer & Fischer, P.C.

SPONSORED LAWYERS

James Golden

Keith G. Mumby

Ladonna Shearer

Ladonna Shearer

Larry B Beckner

Leila Jacquelyn Milliken

Loretta Ann Cahill

Marc Everett Summers

Melinda K Guthrie

Paul M. Smith

TIPS

LEGAL TERMS

SPENDTHRIFT TRUST

TRUSTEE

MINERAL RIGHTS

SUCCESSOR TRUSTEE

ADEMPTION

CURATOR

CONSERVATOR

PROPERTY CONTROL TRUST

DISINHERIT

SAMPLE LEGAL CASES

Barber v. Ritter

Saunders v. MURATORI

IN RE VINTON v. Virzi

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