East Bethany Estate Planning Lawyer, New York, page 3

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Includes: Gift Taxation

Linda Grear

Estate Planning, Wills
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Raymond S. DiRaddo

Estate Planning, Family Law, Criminal, Bankruptcy, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  47 Years

Steven Michael Cammarata

Commercial Real Estate, Federal Appellate Practice, Federal, Estate Planning, Transactions
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  12 Years

Jeffrey Matthias Jayson

Estate Planning, Divorce & Family Law, Criminal
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  34 Years

James E. Brown

Election & Political, Estate Planning, Environmental Law Other, Civil Rights
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  50 Years

Thomas Francis Keefe

Commercial Real Estate, Estate Planning, DUI-DWI, Contract, Criminal
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  32 Years

Lisa J. Allen

Medicare & Medicaid, Estate Planning, Guardianships & Conservatorships, Elder Law, Immigration
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  34 Years

Michael C. Wild

Real Estate, Lawsuit & Dispute, Estate, Business, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  14 Years

Tracy Jong

Trademark, Intellectual Property, Estate Planning, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  31 Years

Gerard G. Antetomaso

Commercial Real Estate, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  37 Years

Free Help: Use This Form or Call 800-814-6700

Member Representative

Call me for fastest results!
800-943-8690

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

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LEGAL TERMS

FUNDING A TRUST

Transferring ownership of property to a trust.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)
A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)
A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)
Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

NET ESTATE

The value of all property owned at death less liabilities or debts.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

FAMILY POT TRUST

See pot 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.

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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