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Les Romo
About | Practice Areas
Law Office of Les Romo
102 West Morrow Street Suite 202 Georgetown, TX 78627» view map
Estate Law
Helping You Understand Your Options

Attorney Les Romo can help protect your interests and resolve your legal issue in the best possible way. Attorney Romo is dedicated to vigorously representing his clients.

800-769-7481
1. Les Romo Georgetown, TX
  Attorney at Law - TX, 1979
  St. Mary's University J.D. 1979
2. AboutLaw Office of Les Romo
  Helping You Understand Your Options
3. Practice AreasExpertise
  Estate Law
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Dana T Rieder

Estate Planning, Personal Injury, Employment, Social Security -- Disability, Mass Torts

Status: In Good Standing

FREE CONSULTATION

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2802 Flintrock Trace, Austin, TX 78738

Ranae Annette Dunham Inghram

Wills, Family Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

Spicewood, TX 78669

David P. Yturri

Juvenile Law, Commercial Real Estate, Wills, Family Law

Status: In Good Standing Licensed: 38 Years

CONTACT

5803 Thunderbird Street, Leander, TX 78645

Christopher Hugh Sapstead

Estate, Wills & Probate, Business Organization

Status: In Good Standing Licensed: 24 Years

FREE CONSULTATION

CONTACT

P.O. Box 342647, Austin, TX 78734

John S. Levy

Estate, Wills & Probate, Estate Planning, Living Wills

Status: In Good Standing Licensed: 57 Years

CONTACT

208 Jack Nicklaus Dr., Austin, TX 78738

Timothy M. Hagan

Estate Planning

Status: In Good Standing Licensed: 37 Years

CONTACT

2918 Ranch Road, Lakeway, TX 78734

Karen S. Cook

Litigation, Wills, Elder Law, Business & Trade

Status: In Good Standing Licensed: 36 Years

CONTACT

4 Windwood Ct, Austin, TX 78738

David Allen Groom

Commercial Real Estate, International Tax, Estate Planning, Estate, Business

Status: In Good Standing Licensed: 30 Years

CONTACT

2806 Flintrock Trce, Austin, TX 78738

Stephen Bruce Thrasher

Litigation, Wills, Family Law, Divorce & Family Law

Status: Deceased Licensed: 47 Years

CONTACT

1213 Ranch Road, Austin, TX 78734

Mary Carol Cunningham

Commercial Real Estate, Litigation, Wills, Family Law

Status: In Good Standing Licensed: 53 Years

CONTACT

104 Cold Water Ln, Austin, TX 78734

800-923-0641

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LEGAL TERMS

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.

FUNDING A TRUST

Transferring ownership of property to a trust.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

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.

SUCCESSOR TRUSTEE

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

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.

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.

NET ESTATE

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

SAMPLE LEGAL CASES

In re Estate of Tyner

Lacey Westbrook appeals from an adverse summary judgment rendered in the declaratory judgment action she initiated to have JW Tyner's will construed. Westbrook contends the trial court erroneously determined that she is not a beneficiary under the will, set the wrong postjudgment ...

In re Estate of Rhea

In October 2005, Charlotte and Trenton notified Charles of their intent to remove Wanda's personal property from the marital home. Charles labeled some of the possessions in the home to mark his own separate property, then left the house from November 11 through November 14. ...

In re Estate of Gaines

In eight issues, appellants argue (1) the trial court improperly disqualified Davis from serving as the independent executor because no motion to disqualify or opposition was filed, (2) the trial court erred in requiring Davis to turn over funds, (3) the trial court erred in denying ...

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Spicewood Estate Lawyer, Texas

Sponsored Law Firm

Law Office of Les Romo

SPONSORED LAWYERS

Dana T Rieder

Ranae Annette Dunham Inghram

David P. Yturri

Christopher Hugh Sapstead

John S. Levy

Timothy M. Hagan

Karen S. Cook

David Allen Groom

Stephen Bruce Thrasher

Mary Carol Cunningham

TIPS

LEGAL TERMS

AB TRUST

FUNDING A TRUST

SUCCESSION

INHERITANCE TAXES

SPENDTHRIFT TRUST

SUCCESSOR TRUSTEE

REAL ESTATE AGENT

ADEMPTION

NET ESTATE

SAMPLE LEGAL CASES

In re Estate of Tyner

In re Estate of Rhea

In re Estate of Gaines

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