Albany Trusts Lawyer, New York

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Theresa Marinello Ries

Real Estate, Trusts, Estate Planning, Elder Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Julieann Calareso

Elder Law, Wills & Probate, Trusts, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Jeffrey Gerard Sullivan

Real Estate, Trusts, Landlord-Tenant
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  36 Years

Marc Ellis Cohen

Child Custody, Estate, Immigration, Trusts
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  38 Years

Francis G. Hoare

Commercial Real Estate, Elder Law, Trusts, Military
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  40 Years

Joseph B. Carr

Corporate, Commercial Real Estate, Trusts
Status:  Deceased *Status is reviewed annually. For latest information visit here           Licensed:  50 Years

William L. Fox

Real Estate, Trusts, Family Law, Wills & Probate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  50 Years

Walter Burke

Tax, Public Finance, Trusts, Pension & Benefits
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  46 Years

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LEGAL TERMS

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.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

FUNDING A TRUST

Transferring ownership of property to a trust.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)
The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

MARITAL LIFE ESTATE TRUST

See AB trust.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)
A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)
The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

CERTIFICATION OF TRUST

See abstract of trust.

   More Legal Terms...

SAMPLE LEGAL CASES

Tzolis v. Wolff

... Chancellor Walworth applied to a joint stock corporation — then a fairly new kind of entity — a familiar principle of the law of trusts: that a beneficiary (or "cestui que trust") could bring suit on behalf of a trust when a faithless trustee refused to do so. ...

IN THE MATTER OF DE SANCHEZ

... In 1927, two years before the Great Depression, Elizabeth Laurent de Sanchez, whose family owned a sugar plantation in Cuba, set up seven inter vivos trusts for the benefit of her six children—Emilio (two trusts in his name), Jorge, Julio, Marcelo, Maria and Gabriela. ...

Matter of Mergenhagen

... as appealed from is unanimously reversed on the law without costs, 1487 the petitions are granted in part, the termination of trust dated October 10, 1994 is vacated, respondent David M. Mergenhagen is removed as trustee from the 1991 and 1994 irrevocable trusts, he is ...

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