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Audra E. Dehan

Real Estate, Trusts, Estate Planning, Estate

Status: Licensed: 33 Years

CONTACT

445 Broadhollow Rd, Melville, NY 11747

Azriel Justin Baer

International, Trusts, Estate

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CONTACT

1320 Rex Corp Plaza, Uniondale, NY 11556

Barton Paul Levine

Trusts, Estate, Elder Law, Civil & Human Rights

Status:

CONTACT

445 Broadhollow Rd, Melville, NY 11747

Bonnie Lawston

Wills & Probate, Estate Administration, Trusts

Status:

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1841 Ny Avenue, Huntington Station, NY 11746

Brian Ross Heitner

Litigation, Trusts, Estate

Status: Licensed: 32 Years

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290 Broadhollow Road, Melville, NY 11747

Brian Andrew Tully

Power of Attorney, Trusts, Estate, Elder Law, Civil & Human Rights

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532 Broadhollow Rd, Melville, NY 11747

Burton Rothbard

Estate Planning, Wills, Trusts, Income Tax

Status: Licensed: 60 Years

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59 School House Ln, Syosset, NY 11791

Charles J. Groppe

Trusts, Estate

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1010 Franklin Ave, Garden City, NY 11530

Christine Thea Rubinstein

Elder Law, Trusts, Estate, Foreclosure, Social Security -- Disability

Status: Licensed: 22 Years

FREE CONSULTATION

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445 Broadhollow Rd., Melville, NY 11747

Colton P. Wagner

Wills, Trusts, Gift Taxation, Commercial Real Estate

Status: Licensed: 75 Years

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147 Forest Ave, Locust Valley, NY 11560

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LEGAL TERMS

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.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

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.

DEED OF TRUST

See trust deed.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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.

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.

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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Melville Trusts Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Audra E. Dehan

Azriel Justin Baer

Barton Paul Levine

Bonnie Lawston

Brian Ross Heitner

Brian Andrew Tully

Burton Rothbard

Charles J. Groppe

Christine Thea Rubinstein

Colton P. Wagner

TIPS

LEGAL TERMS

AB TRUST

SUCCESSION

QTIP TRUST

SWEARING MATCH

DEED OF TRUST

INCOMPETENCE

ENDOWMENT INSURANCE

DEATH TAXES

RULE AGAINST PERPETUITIES

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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