Colton Estate Lawyer, Oregon

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Stephen J. Bedor

Wills & Probate, Family Law, Civil Rights, Banking & Finance
Status:  In Good Standing           

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J. Gregory Salyards

Real Estate, Estate, Divorce & Family Law, Business
Status:  In Good Standing           Licensed:  12 Years

Lisa K Day

Estate
Status:  In Good Standing           Licensed:  35 Years

Benjamin Taylor Ybarra

Intellectual Property, Estate, Employment, Business
Status:  In Good Standing           Licensed:  9 Years
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Robert Alan Kerr

Estate Planning, Employment Discrimination, Civil Rights, Corporate, Construction
Status:  In Good Standing           Licensed:  33 Years

Joseph Quincy Kaufman

Business, Intellectual Property, Estate, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  34 Years

Michael Dirk Mc Nichols

Bankruptcy, Civil Rights, Estate Planning, Business & Trade
Status:  In Good Standing           Licensed:  29 Years

Michael J Clancy

Personal Injury, Real Estate, Trusts, Traffic
Status:  In Good Standing           Licensed:  45 Years

Debbie Hoesly

Commercial Real Estate, Estate Planning, Elder Law, Business & Trade
Status:  In Good Standing           

Debbie R Sanders

Estate, Divorce & Family Law
Status:  In Good Standing           Licensed:  15 Years

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

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LEGAL TERMS

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)
A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)
A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

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.

NET ESTATE

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

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)
The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)
A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)
Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

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