Queen Creek Estate Lawyer, Arizona, page 5

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Matthew K Palfreyman

Estate Planning, Real Estate, Business, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  11 Years

Mallory Mary Irene Ress

Real Estate, International, Estate Planning, Environmental Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  13 Years

Shane M Peterson

Trusts, Business, Commercial Real Estate, Wills
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  10 Years

Michael R Greenwald

Trusts, Estate, Business, Wills
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  46 Years

Rebecca Easton

Estate Planning, Contract, Trusts, Wills, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  13 Years

Stephen C Bergsten

Real Estate, Construction, Family Law, Trusts, Commercial Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  48 Years

Kevin J. Magorien

Bankruptcy, Bankruptcy & Debt, Estate Planning, Estate Planning, Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  47 Years

Matthew Jordan Mcwilliams

Estate Planning, Bankruptcy, Personal Injury, Criminal, Commercial Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  24 Years

Roger Leland Heywood

Estate, Real Estate, Tax, Wills & Probate, Power of Attorney
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  41 Years

Roger L Heywood

Estate, Real Estate, Business, Medical Malpractice
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  41 Years

Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)
An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

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.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)
For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)
Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

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