Clarendon 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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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
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Includes: Gift Taxation

John Fay Whiting

Wills, Estate Planning, Personal Injury

Status: Licensed: 9 Years

CONTACT

31 W Main St, Le Roy, NY 14482

Raymond S. DiRaddo

Estate Planning, Family Law, Criminal, Bankruptcy, Real Estate

Status: Licensed: 47 Years

CONTACT

31 Erie Canal Dr, Rochester, NY 14626

Gregory Louis Piede

Estate Planning, Estate, Civil & Human Rights

Status: Licensed: 15 Years

CONTACT

1100 Long Pond Rd, Rochester, NY 14626

Donald Mcrae Thompson

Tax, Wills & Probate, Estate Planning, Business & Trade, Litigation

Status: Licensed: 59 Years

CONTACT

55 Kernwood Drive, Rochester, NY 14624

Jeffrey Matthias Jayson

Estate Planning, Divorce & Family Law, Criminal

Status: Licensed: 34 Years

CONTACT

18 Thurston Rd, Rochester, NY 14619

James E. Brown

Election & Political, Estate Planning, Environmental Law Other, Civil Rights

Status: Licensed: 50 Years

CONTACT

222 Chili Ave, Rochester, NY 14611

Scott A. Forsyth

Commercial Real Estate, Wills, Trusts, Estate Planning

Status: Licensed: 48 Years

CONTACT

16 W Main St, Rochester, NY 14614

Philip Lloyd Burke

Estate Planning, Estate, Divorce & Family Law, Civil & Human Rights

Status: Licensed: 43 Years

CONTACT

1900 Bausch And Lomb Pl, Rochester, NY 14604

Martin William O'Toole

Trusts, Estate Planning, Estate, Civil & Human Rights

Status: Licensed: 38 Years

CONTACT

1600 Bausch And Lomb Pl, Rochester, NY 14604

Meredith Monti Boehm Lamb

Lawsuit & Dispute, Estate Planning, Estate, Divorce, Divorce & Family Law

Status: Licensed: 18 Years

CONTACT

160 Linden Oaks St, Rochester, NY 14625

800-814-6700

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LEGAL TERMS

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.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

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.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

TITLE COMPANY

A company that issues title insurance.

DEED OF TRUST

See trust deed.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

CERTIFICATION OF TRUST

See abstract of trust.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

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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Clarendon Estate Planning Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Fay Whiting

Raymond S. DiRaddo

Gregory Louis Piede

Donald Mcrae Thompson

Jeffrey Matthias Jayson

James E. Brown

Scott A. Forsyth

Philip Lloyd Burke

Martin William O'Toole

Meredith Monti Boehm Lamb

TIPS

LEGAL TERMS

ADEMPTION

INTESTATE SUCCESSION

TRUSTEE

DOWER AND CURTESY

TITLE COMPANY

DEED OF TRUST

REAL ESTATE AGENT

CERTIFICATION OF TRUST

SELF-PROVING WILL

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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