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William Faulkner
About | Practice Areas
Faulkner Law Offices, LLC
331 Washington Avenue Marietta, GA 30060» view map
Estate Law
Plan For Your Future In Life And Business

Let Stan Faulkner, lead counsel at Faulkner Law Offices, help with your family's estate plan or business law strategy. He can streamline the entire legal process for you.

800-793-1121
1. https://www.lawyer.com/imgup/m/ecae876fb446db326350115e8070920e.jpg William Faulkner
  Attorney at Law- GA, 2001
  Saint Louis University School of Law, J.D. 2001
2. AboutFaulkner Law
  Plan For Your Future In Life And Business
3. Practice AreasExpertise
  Estate Law
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Jim T. Bennett

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Accident & Injury, Criminal, Divorce & Family Law, Estate, Real Estate

Making Excellence A Standard For Three Generations

Jim T. Bennett has been a member of the State Bar of Georgia since 1998. Jim graduated in the top ten of his class from the Walter F. George School o... (more)

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CONTACT

229-242-6726

1108 North Patterson Street, Valdosta, GA 31601

Lucy Tomberlin

Social Security -- Disability, Estate Planning, Criminal

Status: In Good Standing

FREE CONSULTATION

CONTACT

112 West Central Avenue, Valdosta, GA 31601

John R. Bennett

Estate, Estate Planning, Elder Law, Non-profit

Status: In Good Standing

CONTACT

2502 North Oak Street, Valdosta, GA 31602

H. Pearce Scott

Elder Law, Wills & Probate, Trusts, Real Estate

Status: In Good Standing

CONTACT

2912-B North Oak Street, Valdosta, GA 31602

Marnie Hankinson Watson

Income Tax, Estate Planning, Family Law, Elder Law

Status: In Good Standing Licensed: 17 Years

CONTACT

2704 N Oak St, Valdosta, GA 31602

Leamon Andrew Smith

Real Estate, Estate Planning, Criminal, Business

Status: In Good Standing

CONTACT

106 E. Force St., Valdosta, GA 31601

Robert Lyle Lambert

Commercial Real Estate, Wills, Workers' Compensation, Elder Law

Status: In Good Standing

CONTACT

108 E North St, Valdosta, GA 31601

Wilton E. Stone

Workers' Compensation, Estate Planning, Business, Wills

Status: In Good Standing

CONTACT

701 North Patterson Street, Valdosta, GA 31601

J. Stephen Gupton

Corporate, Civil Rights, Collection, Estate Planning

Status: In Good Standing

CONTACT

910 North Patterson Street, Valdosta, GA 31601

Nathanael Darren Brantley

Estate, Divorce & Family Law, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 11 Years

CONTACT

701 N. Patterson St., Valdosta, GA 31603

800-923-0641

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LEGAL TERMS

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

INTER VIVOS TRUST

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

SUCCESSOR TRUSTEE

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

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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.

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.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

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.

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Millwood Estate Lawyer, Georgia

Sponsored Law Firm

Faulkner Law Offices, LLC

SPONSORED LAWYERS

Jim T. Bennett

Lucy Tomberlin

John R. Bennett

H. Pearce Scott

Marnie Hankinson Watson

Leamon Andrew Smith

Robert Lyle Lambert

Wilton E. Stone

J. Stephen Gupton

Nathanael Darren Brantley

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LEGAL TERMS

BYPASS TRUST

INTER VIVOS TRUST

SUCCESSOR TRUSTEE

GRANTOR RETAINED INCOME TRUST

ADEMPTION

AB TRUST

ABATEMENT

INVENTORY

REAL ESTATE AGENT

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