Clarendon Estate Planning Lawyer, New York, page 3

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Includes: Gift Taxation

Deborah Muhlbauer

Estate Planning, Tax
Status:  In Good Standing           

Rebecca Elaine Tavares Chapman

Gaming & Alcohol, Estate Planning, Employment, Business
Status:  In Good Standing           Licensed:  22 Years

Katherine Leigh Wood

Litigation, Estate Planning, Business & Trade, Products Liability
Status:  In Good Standing           Licensed:  8 Years

Madeline E. Aldrich

Elder Law, Estate Planning, Estate Administration
Status:  In Good Standing           Licensed:  3 Years

Andrew Adam Borden

Commercial Real Estate, Estate Planning, Business & Trade, Corporate
Status:  In Good Standing           Licensed:  17 Years

Michael Timothy Dwan

DUI-DWI, Traffic, Wills & Probate, Estate Planning
Status:  In Good Standing           

Kenneth F. Hunt

Tax, Trusts, Estate Planning, Family Law
Status:  In Good Standing           Licensed:  13 Years

George Russell Blair

Litigation, Municipal, Estate Planning, Criminal
Status:  In Good Standing           Licensed:  51 Years

Danielle Bethany Ridgely

Estate Planning, Merger & Acquisition, Partnerships
Status:  In Good Standing           Licensed:  9 Years

Jay William Ricketts

Commercial Real Estate, Estate Planning, Family Law, Child Custody
Status:  In Good Standing           Licensed:  53 Years

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LEGAL TERMS

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

WARRANTY DEED

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

SURROGATE COURT

See probate court.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)
A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)
An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

SUCCESSOR TRUSTEE

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

DEVISEE

A person or entity who inherits real estate under the terms of a will.

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.

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).

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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