Foster Estate Lawyer, Oregon, page 3

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Clay W Stephens

Estate, Employment, Divorce & Family Law, Corporate
Status:  In Good Standing           Licensed:  11 Years

Janice L Mackey

Wills & Probate, Estate, Contract, Business Organization
Status:  In Good Standing           Licensed:  21 Years

Kent Anderson

Construction, Wills & Probate, Contract, Bankruptcy
Status:  In Good Standing           Licensed:  43 Years

Scott G Bassinger

Estate, Real Estate, Business
Status:  In Good Standing           Licensed:  29 Years
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Patricia Lockary Chapman

Real Estate, Intellectual Property, Trusts, Business
Status:  In Good Standing           Licensed:  39 Years

Joel K Ford

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

Julia Manela

Commercial Real Estate, Estate Planning, Commercial Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  19 Years

Clayton M Tullos

Lawsuit & Dispute, Estate, Divorce & Family Law, Criminal
Status:  In Good Standing           Licensed:  9 Years

Jennifer Reed Klingensmith

General Practice
Status:  In Good Standing           Licensed:  14 Years

Robert Cole Tozer

Federal, Estate Planning, Guardianships & Conservatorships, Elder Law
Status:  In Good Standing           Licensed:  36 Years

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LEGAL TERMS

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.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)
To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)
Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)
A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

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.

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.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.