Cobleskill Estate Planning Lawyer, New York, page 2

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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Includes: Gift Taxation

Daniel J. Casserly

Elder Law, Estate Planning, Business

Status: In Good Standing

CONTACT

255 Washington Ave Ext, Albany, NY 12205

Julieann Calareso

Elder Law, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing

CONTACT

255 Washington Ave, Albany, NY 12205

Robert Weeden Applegate

Commercial Real Estate, Estate Planning, Municipal, Private Schools

Status: In Good Standing Licensed: 44 Years

CONTACT

38 Morgan St, Ilion, NY 13357

Terence J. Devine

Tax Litigation, Estate Planning, Family Law, Divorce & Family Law

Status: In Good Standing

CONTACT

52 Corporate Circle, Albany, NY 12203

Philip A. Di Giorgio

Estate Administration, Estate Planning, Child Custody, Elder Law

Status: In Good Standing

CONTACT

43 British American Boulevard, Latham, NY 12110

Brian James Barraclough

Administrative Law, Estate Planning, Construction, Mediation

Status: In Good Standing

CONTACT

10 Airline Drive, Albany, NY 12205

Erminio Michael Difabio

Real Estate, Estate Planning, Business & Trade, Business

Status: In Good Standing Licensed: 68 Years

CONTACT

4 Automation Lane, Albany, NY 12205

Alice M Breding

Wills & Probate, Business, Estate Planning

Status: In Good Standing

CONTACT

4 British American Boulevard, Latham, NY 12110

Harlan Ronald Harrison

Real Estate, Estate Planning, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 63 Years

CONTACT

3 Winners Cir, Albany, NY 12205

Theodore L. Reinhard

Estate Planning, Estate, Business & Trade, Business

Status: In Good Standing Licensed: 67 Years

CONTACT

3 Winners Cir, Albany, NY 12205

800-923-0641

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LEGAL TERMS

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

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.

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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Cobleskill Estate Planning Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Daniel J. Casserly

Julieann Calareso

Robert Weeden Applegate

Terence J. Devine

Philip A. Di Giorgio

Brian James Barraclough

Erminio Michael Difabio

Alice M Breding

Harlan Ronald Harrison

Theodore L. Reinhard

TIPS

LEGAL TERMS

TESTAMENTARY TRUST

SPECIAL ADMINISTRATOR

SUCCESSOR TRUSTEE

PRETERMITTED HEIR

GENERATION-SKIPPING TRUST

PROPERTY CONTROL TRUST

ADMINISTRATION (OF AN ESTATE)

WARRANTY DEED

RESIDUARY BENEFICIARY

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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