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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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John Bernard Kelly

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Estate, Real Estate, Wills, Trusts, Business

John Kelly is a practicing lawyer in the state of New York handling Real Estate and Estate matters.

CONTACT

914-694-2822

4 W Red Oak Ln, West Harrison, NY 10604

Arthur E. Olmstead

Elder Law, Wills & Probate, Trusts, Wills

Status: In Good Standing

CONTACT

14 Mamaroneck Avenue, White Plains, NY 10601

Adonia David

Litigation, Wills & Probate, Business, Trusts

Status: In Good Standing

CONTACT

235 Main Street, White Plains, NY 10601

Alexander Nicolas Russo

Commercial Real Estate, Wills, Trusts

Status: In Good Standing

CONTACT

50 E Hartsdale Ave, Hartsdale, NY 10530

Angelo Loumbas

Wills & Probate, Trusts, Estate Planning, Non-profit

Status: In Good Standing Licensed: 31 Years

CONTACT

2000 Westchester Ave, Purchase, NY 10577

Angelo John Loumbas

Wills & Probate, Trusts, Estate Planning, Non-profit

Status: In Good Standing Licensed: 31 Years

CONTACT

2000 Westchester Ave, Purchase, NY 10577

Angelo J. Loumbas

Wills & Probate, Trusts, Estate Planning, Non-profit

Status: In Good Standing Licensed: 31 Years

CONTACT

2000 Westchester Ave, Purchase, NY 10577

Brendan Howard Buschman

Residential Real Estate, Trusts, Divorce, Child Support

Status: In Good Standing Licensed: 9 Years

CONTACT

399 Knollwood Rd No. 220, White Plains, NY 10603

Christopher Coyne Palermo

Litigation, Immigration, Trusts, Estate, Family Law

Status: In Good Standing

CONTACT

1 N Lexington Ave, White Plains, NY 10601

Christopher Frederick Miehl

Trusts

Status: In Good Standing Licensed: 18 Years

CONTACT

1133 Westchester Ave, West Harrison, NY 10604

800-923-0641

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LEGAL TERMS

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

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.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

FUNDING A TRUST

Transferring ownership of property to a trust.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

NET ESTATE

The value of all property owned at death less liabilities or debts.

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.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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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West Harrison Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Bernard Kelly

Arthur E. Olmstead

Adonia David

Alexander Nicolas Russo

Angelo Loumbas

Angelo John Loumbas

Angelo J. Loumbas

Brendan Howard Buschman

Christopher Coyne Palermo

Christopher Frederick Miehl

TIPS

LEGAL TERMS

LIVING TRUST

TRUSTEE

GRANTOR RETAINED INCOME TRUST

FUNDING A TRUST

CHARITABLE TRUST

INTER VIVOS TRUST

NET ESTATE

RESIDUARY BENEFICIARY

RESIDUARY ESTATE

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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