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Abraham Michelson
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
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Laura G Grossman

Estate Planning, Real Estate, Trusts, Wills

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600 Old Country Road, Room 519, Garden City, NY 11530

Aida Ferrer Leisenring

Traffic, Immigration, Social Security, Trusts

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Corporate, Trusts

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Amanda Leigh Giannone

Real Estate, Trusts, Elder Law, Life & Health

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Amanda Beth Ebbin

Trusts, Workers' Compensation, Divorce, Business

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114 Old Country Rd, Mineola, NY 11501

Amanda Lynn Becker

Trusts, Wills & Probate, Estate, Estate

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251 Aspen Ct, Wantagh, NY 11793

Andrew L. Baron

International, Trusts, Estate, Commercial Bankruptcy, International Intellectual Property

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190 Willis Avenue, Mineola, NY 11501

Angela Siegel

Real Estate, Trusts, Civil & Human Rights, Contract

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1205 Franklin Ave, Garden City, NY 11530

Azriel Justin Baer

International, Trusts, Estate

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1320 Rex Corp Plaza, Uniondale, NY 11556

Barbara L. Paltrow

Estate Planning, Trusts

Status: Licensed: 72 Years

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21 Ocean Ave, Massapequa, NY 11758

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LEGAL TERMS

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.

FUNDING A TRUST

Transferring ownership of property to a trust.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

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.

FAMILY POT TRUST

See pot trust.

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.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

SAMPLE LEGAL CASES

Tzolis v. Wolff

... Chancellor Walworth applied to a joint stock corporation â€” then a fairly new kind of entity â€” 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 childrenâ€”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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East Meadow Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Laura G Grossman

Aida Ferrer Leisenring

Allison Tenenbaum

Amanda Leigh Giannone

Amanda Beth Ebbin

Amanda Lynn Becker

Andrew L. Baron

Angela Siegel

Azriel Justin Baer

Barbara L. Paltrow

TIPS

LEGAL TERMS

INHERIT

FUNDING A TRUST

GENERATION-SKIPPING TRANSFER TAX

FINAL BENEFICIARY

WILL

SPECIFIC BEQUEST

FAMILY POT TRUST

SWEARING MATCH

HOLOGRAPHIC WILL

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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