Hereford Estate Lawyer, Oregon

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Timothy J. Doherty
About | Practice Areas
Law Office of Timothy J. Doherty
10 Crater Lake Ave Medford, OR 97504» view map
Estate Law
Experience You Can Trust

The topic of wills and trusts can be confusing, but my job is to help you decide what’s right for you. Call me to set up a free consultation.

800-878-0640
1. Timothy J. Doherty Medford, OR
  Attorney at Law- OR
  Empire College School of Law, J.D. 2012
2. AboutLaw Office of Timothy J. Doherty
  Experience You Can Trust
3. Practice AreasExpertise
  Estate
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J. David Coughlin

Personal Injury, Business, Real Estate, Estate Planning

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CONTACT

1650 Dewey Ave, Baker City, OR 97814

Robert W Whitnah

Estate, Divorce & Family Law, Criminal, Business

Status: Licensed: 24 Years

CONTACT

1920 First St, Baker City, OR 97814

Kenneth A Bardizian

Real Estate, Wills & Probate, Criminal, Corporate

Status: Licensed: 53 Years

CONTACT

2015 1St St, Baker City, OR 97814

Ryan Hoopes Holden

Corporate, Corporate, International Tax, Estate Planning, Commercial Real Estate

Status:

CONTACT

Baker City, OR 97814

Carol Dehaven Skerjanec

Lawsuit & Dispute, Immigration, Government, Estate

Status: Licensed: 31 Years

CONTACT

4325 S. Road, Vale, OR 97918

Robert David Butler

Real Estate, Industry Specialties, Wills & Probate, Estate

Status: Licensed: 58 Years

CONTACT

Vale, OR 97918

Dustin A Martinsen

Traffic, Wills & Probate, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 11 Years

CONTACT

Vale, OR 97918

Michael Robert Mahony

Traffic, Lawsuit & Dispute, Estate, Divorce & Family Law, Criminal

Status: Licensed: 34 Years

CONTACT

Vale, OR 97918

William F Schroeder

Wills & Probate, Trusts, Estate, Natural Resources

Status: Licensed: 75 Years

CONTACT

Vale, OR 97918

Sandijean Irene Fuson

Industry Specialties, Government, Estate, Business

Status: Licensed: 40 Years

CONTACT

301 A Street, Vale, OR 97918

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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.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

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.

SECONDARY MEANING

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use ... (more...)

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use and exposure in the marketplace. For example, though first names are not generally considered inherently distinctive, Ben & Jerry's Ice Cream has become so well known that it is now entitled to maximum trademark protection.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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Hereford Estate Lawyer, Oregon

Sponsored Law Firm

Law Office of Timothy J. Doherty

SPONSORED LAWYERS

J. David Coughlin

Robert W Whitnah

Kenneth A Bardizian

Ryan Hoopes Holden

Carol Dehaven Skerjanec

Robert David Butler

Dustin A Martinsen

Michael Robert Mahony

William F Schroeder

Sandijean Irene Fuson

TIPS

LEGAL TERMS

ACCUMULATION TRUST

REAL ESTATE AGENT

GENERATION-SKIPPING TRUST

SECONDARY MEANING

AB TRUST

ESTATE TAXES

LIFE BENEFICIARY

POUR-OVER WILL

AUGMENTED ESTATE

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