Mount Storm Estate Lawyer, West Virginia

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Larry W. Mayfield

Business Organization, Contract, Estate Planning, Family Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

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Daniel C. Staggers

Trusts, Estate Planning, Estate, Child Custody, Elder Law
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Lisa Hyre

Divorce & Family Law, Criminal, Personal Injury, Estate
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Holly Funderburk Baker

Wills & Probate, Wills
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  17 Years

Tiffany R. Durst

Litigation, Estate Planning, Adoption, Personal Injury, Lawsuit & Dispute
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Mark Everett

Real Estate, Accident & Injury, Business, Divorce & Family Law, Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  19 Years

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Christopher A. Barnum

Real Estate, Wills & Probate, Family Law, Business Organization, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  39 Years

Gail Voorhees Lipscomb

Estate, Personal Injury, Criminal, Divorce, Employment
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  30 Years

Corey Joseph Powell

Real Estate, Oil & Gas, Estate, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  17 Years

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Doreen L. Seamon

Firearms, Estate Planning, Elder Law, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  14 Years

Free Help: Use This Form or Call 800-814-6700

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LEGAL TERMS

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)
The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

SUCCESSOR TRUSTEE

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

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)
A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

NET ESTATE

The value of all property owned at death less liabilities or debts.

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)
The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)
The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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