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Williamson Trusts Lawyer, New York

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Robert D. Schultz

Wills, Wills & Probate, Trusts, Banking & Finance
Status:  In Good Standing           
CONTACT
295 Woodcliff Dr., Fairport, NY 14450
Profile LAWPOINTS™36/100
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Judy M. Overholt

Wills, Wills & Probate, Trusts, Contract
Status:  In Good Standing           
CONTACT
160 Linden Oaks Drive, Rochester, NY 14625
Profile LAWPOINTS™35/100
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Christine Carol Lachnicht

Commercial Real Estate, Trusts, Corporate, Banking & Finance
Status:  In Good Standing           
CONTACT
634 South Main Street, Newark, NY 14513
Profile LAWPOINTS™34/100
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Michael D Calarco

Trusts, Estate, Collection, Bankruptcy
Status:  In Good Standing           Licensed:  34 Years
CONTACT
605 Mason St, Newark, NY 14513
Profile LAWPOINTS™22/100
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Wallace F. Ashnault

Real Estate, Trusts, Wills & Probate
Status:  In Good Standing           Licensed:  67 Years
CONTACT
1828 Penfield Rd, Penfield, NY 14526
Profile LAWPOINTS™19/100
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Judith Holender

Elder Law, Trusts, Estate Planning, Estate Administration
Status:  In Good Standing           Licensed:  41 Years
CONTACT
290 Linden Oaks, Rochester, NY 14625
Profile LAWPOINTS™19/100
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Adam Brunner

Trusts, Commercial Real Estate, Estate Planning, Wills
Status:  In Good Standing           Licensed:  16 Years
CONTACT
39 Deer Creek Rd, Pittsford, NY 14534
Profile LAWPOINTS™24/100
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LEGAL TERMS

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)
A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)
(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a 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.

TITLE COMPANY

A company that issues title insurance.

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.

SUCCESSOR TRUSTEE

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

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).

KINDRED

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

INTER VIVOS TRUST

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

SAMPLE LEGAL CASES

Tzolis v. Wolff

... Chancellor Walworth applied to a joint stock corporation — then a fairly new kind of entity — 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 children—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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