Tuckahoe Trusts Lawyer, New York, page 2

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Christopher Frederick Miehl

Trusts

Status: In Good Standing Licensed: 18 Years

CONTACT

1133 Westchester Ave, West Harrison, NY 10604

Daniel Paul Romano

Commercial Real Estate, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 38 Years

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100 S Broadway, Yonkers, NY 10701

Daniel Patrick Buckley

Trusts

Status: In Good Standing Licensed: 12 Years

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One North Lexington Avenue, White Plains, NY 10601

David Y. Choi

International Tax, Trusts, Estate, Business Organization

Status: In Good Standing Licensed: 25 Years

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1 N Broadway, White Plains, NY 10601

David A. Newberg

Commercial Real Estate, Intellectual Property, Trusts, Corporate

Status: In Good Standing

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1 N Lexington Ave, White Plains, NY 10601

David Goldfarb

Estate Planning, Elder Law, Trusts, Estate, Wills

Status: In Good Standing

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170 Hamilton Ave, White Plains, NY 10601

Debra A. Arena

Real Estate, Wills, Trusts, Estate

Status: In Good Standing

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111 Kraft Avenue, Bronxville, NY 10708

Frances M. Pantaleo

Wills, Trusts, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

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1 N Lexington Ave, White Plains, NY 10601

Gerald Kahn

Education, Tax, Real Estate, Trusts

Status: In Good Standing Licensed: 68 Years

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733 Yonkers Ave, Yonkers, NY 10704

Jeffrey Kenneth Endervelt

General Practice

Status: In Good Standing Licensed: 53 Years

CONTACT

2001 Palmer Ave, Larchmont, NY 10538

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LEGAL TERMS

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

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.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

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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Tuckahoe Trusts Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Christopher Frederick Miehl

Daniel Paul Romano

Daniel Patrick Buckley

David Y. Choi

David A. Newberg

David Goldfarb

Debra A. Arena

Frances M. Pantaleo

Gerald Kahn

Jeffrey Kenneth Endervelt

TIPS

LEGAL TERMS

POWER OF APPOINTMENT

ALTERNATE BENEFICIARY

ESTATE PLANNING

PROPERTY CONTROL TRUST

ADEMPTION

FUNDING A TRUST

TRUSTEE

GRANT DEED

HEIR APPARENT

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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