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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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William James Comiskey

International Tax, Intellectual Property, Wills & Probate, Felony

Status: Licensed: 46 Years

CONTACT

677 Broadway, Albany, NY 12207

Thomas Joseph Collura

Commercial Real Estate, International Tax, Estate Planning, Corporate

Status: Licensed: 36 Years

CONTACT

677 Broadway, Albany, NY 12207

James Eric Dering

Health Care Other, Estate Planning, White Collar Crime, Elder Law, Banking & Finance

Status: Licensed: 33 Years

CONTACT

677 Broadway, Albany, NY 12207

Susan A. Nixon

Education, Wills & Probate, Child Custody, Business Organization

Status:

CONTACT

677 Broadway, Albany, NY 12207

Dana K. Scalere

Estate, Employment, Civil & Human Rights

Status: Licensed: 19 Years

CONTACT

44 Holland Ave, Albany, NY 12208

Edmund John Schupp

Real Estate, Estate, Criminal

Status: Licensed: 34 Years

CONTACT

60 S Pearl St, Albany, NY 12207

Joanne Darcy Crum

Real Estate, Lawsuit, Intellectual Property, Estate, Child Custody

Status:

CONTACT

50 Beaver St, Albany, NY 12207

Eileen Margaret Groark

Government Contract, Trusts, Natural Resources, Employee Rights, Banking & Finance

Status: Licensed: 30 Years

CONTACT

54 State St, Albany, NY 12207

Marc H. Goldberg

Real Estate, Lawsuit & Dispute, Estate

Status: Licensed: 37 Years

CONTACT

30 South Pearl Street, Albany, NY 12207

Karen Mary Martino

Trusts, Life & Health, Non-profit, Business Successions, Transactions

Status: Licensed: 48 Years

CONTACT

54 State St, Albany, NY 12207

800-814-6700

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LEGAL TERMS

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.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

KINDRED

Under some state's probate codes, all relatives of a deceased person.

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.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

In 1986 Markatos Realtors, Inc. (hereinafter Markatos), Rutger's immediate predecessor in interest, along with Brookside Park Properties, Inc., the defendant's predecessor in interest, executed a written indenture providing, among other things, for mutual easements designating 12 ...

Colasacco v. Robert E. Lawrence Real Estate

In October 2002 the defendant Christopher DiCorato, a real estate agent employed by the defendant Robert E. Lawrence Real Estate (hereinafter Lawrence, and hereinafter together the defendants), met with the plaintiffs and showed them a parcel of vacant property that was ...

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

In any event, plaintiff fails, as a matter of law, to demonstrate any injury for which it is entitled to hold defendant sponsors liable. Although the purchase agreement obligated defendant sponsors to provide plaintiff with a building and unit constructed "in a good and workman-like ...

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Nassau Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

William James Comiskey

Thomas Joseph Collura

James Eric Dering

Susan A. Nixon

Dana K. Scalere

Edmund John Schupp

Joanne Darcy Crum

Eileen Margaret Groark

Marc H. Goldberg

Karen Mary Martino

TIPS

LEGAL TERMS

FINAL BENEFICIARY

PROVING A WILL

ABSTRACT OF TRUST

KINDRED

INTESTATE SUCCESSION

TRUSTEE

PER STIRPES

GENERATION-SKIPPING TRANSFER TAX

PROBATE

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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