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Abraham Michelson
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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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Arthur E. Olmstead

Elder Law, Wills & Probate, Trusts, Wills

Status: In Good Standing

CONTACT

14 Mamaroneck Avenue, White Plains, NY 10601

Silvia M. Metrena

Real Estate, Wills, Contract, Trusts

Status: In Good Standing

CONTACT

20 South Broadway, Ste 902, Yonkers, NY 10701

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

Annmarie Conta

Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

6 Darwood Pl, Hartsdale, NY 10530

Arnold H. Nager

General Practice

Status: In Good Standing Licensed: 61 Years

CONTACT

79 Cliff St, Hastings On Hudson, NY 10706

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 Frederick Miehl

Trusts

Status: In Good Standing Licensed: 18 Years

CONTACT

1133 Westchester Ave, West Harrison, NY 10604

Christopher Coyne Palermo

Litigation, Immigration, Trusts, Estate, Family Law

Status: In Good Standing

CONTACT

1 N Lexington Ave, White Plains, NY 10601

Daniel Patrick Buckley

Trusts

Status: In Good Standing Licensed: 12 Years

CONTACT

One North Lexington Avenue, White Plains, NY 10601

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.

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.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

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.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

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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Ardsley Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Arthur E. Olmstead

Silvia M. Metrena

Adonia David

Alexander Nicolas Russo

Annmarie Conta

Arnold H. Nager

Brendan Howard Buschman

Christopher Frederick Miehl

Christopher Coyne Palermo

Daniel Patrick Buckley

TIPS

LEGAL TERMS

TESTAMENTARY TRUST

ALTERNATE BENEFICIARY

LAPSE

INHERITANCE TAXES

PETITION

FINAL BENEFICIARY

TAKING AGAINST THE WILL

PROPERTY CONTROL TRUST

OFFICER

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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