East Bethany Estate Planning Lawyer, New York, page 3

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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Includes: Gift Taxation

Kelly Lyn Odorisi

Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 28 Years

CONTACT

1170 East Avenue, Rochester, NY 14607

Thomas Michael Farace

Tax, International, Estate Planning, Income Tax

Status: Inactive Licensed: 45 Years

CONTACT

1300 Clinton Square, Rochester, NY 14604

Deborah Muhlbauer

Estate Planning, Tax

Status: In Good Standing

CONTACT

333 International Dr, Buffalo, NY 14221

David Christopher Reid

Business Organization, Business Successions, Elder Law, Gift Taxation

Status: In Good Standing

CONTACT

65 Monroe Ave, Pittsford, NY 14534

Christine Albright Carnahan

Gift Taxation

Status: In Good Standing Licensed: 22 Years

CONTACT

1800 Hudson Ave, Rochester, NY 14617

Eugene Vanvoorhis

Land Use & Zoning, Wills & Probate, Estate Planning, Estate

Status: In Good Standing

CONTACT

300 Linden Oaks, Rochester, NY 14625

Philip Stephen Chamot

Real Estate, Estate Planning, Estate, Commercial Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

76 West Ave, Lockport, NY 14094

Judith Holender

Elder Law, Trusts, Estate Planning, Estate Administration

Status: In Good Standing Licensed: 41 Years

CONTACT

290 Linden Oaks, Rochester, NY 14625

Nathan A Shoff

Divorce, Wills & Probate, Business, Estate Planning

Status: In Good Standing

CONTACT

102 Main Street, Bloomfield, NY 14469

William Carl Meyer

Real Estate, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

1925 Kensington Ave, Buffalo, NY 14215

800-923-0641

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LEGAL TERMS

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

PREDECEASED SPOUSE

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

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

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.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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East Bethany Estate Planning Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kelly Lyn Odorisi

Thomas Michael Farace

Deborah Muhlbauer

David Christopher Reid

Christine Albright Carnahan

Eugene Vanvoorhis

Philip Stephen Chamot

Judith Holender

Nathan A Shoff

William Carl Meyer

TIPS

LEGAL TERMS

SWEARING MATCH

RULE AGAINST PERPETUITIES

PREDECEASED SPOUSE

GRANT DEED

BANKRUPTCY ESTATE

SPENDTHRIFT TRUST

SPECIFIC BEQUEST

SPECIAL ADMINISTRATOR

SPRINKLING TRUST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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PRACTICE AREAS 30

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