Foster Estate Lawyer, Oregon, page 2

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David B Beckham

Real Estate, Wills & Probate, Trusts, Estate
Status:  In Good Standing           Licensed:  47 Years

Dell A Alexander

Estate, Real Estate, Wills & Probate, Trusts
Status:  In Good Standing           Licensed:  46 Years

Derek Hews

Real Estate, Wills & Probate, Trusts, Criminal
Status:  In Good Standing           Licensed:  20 Years

R. Scott Corey

Trusts, Estate Planning, Wills & Probate
Status:  In Good Standing           Licensed:  30 Years
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Bill Spiry

Estate, Employment, Civil Rights
Status:  In Good Standing           

Michelle Renee Lewis

Wills & Probate
Status:  In Good Standing           Licensed:  9 Years

Janice E Hatton

Estate
Status:  In Good Standing           Licensed:  30 Years

Megan Elise Salsbury-Thayer

Trusts, Contract, Estate
Status:  In Good Standing           Licensed:  9 Years

Scott C Schultz

Estate, Civil & Human Rights
Status:  In Good Standing           Licensed:  26 Years

Jacy F. Arnold

Juvenile Law, Estate Planning, Family Law, Business Organization
Status:  In Good Standing           Licensed:  20 Years

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

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By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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LEGAL TERMS

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.

GRANTOR

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

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)
An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)
A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

CURATOR

See conservator.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)
Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

CERTIFICATION OF TRUST

See abstract of trust.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.