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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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Molly Sanders

General Practice

Status: Licensed: 13 Years

CONTACT

7965 Caswell Rd, Byron, NY 14422

Kathleen Bridget Barry

Real Estate, Class Action, Trusts, Antitrust

Status: Licensed: 23 Years

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1 Riverfront Plaza, Corning, NY 14831

Howard Eric Berger

Trusts, Employee Rights, Corporate, Personal Injury, Construction

Status: Licensed: 43 Years

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3365 Avon Geneseo Rd, Geneseo, NY 14454

Natalie Ann Kanellis

Trusts, Employment Discrimination, Family Law, Construction, Lawsuit & Dispute

Status: Licensed: 41 Years

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223 Nursery Ave, Geneva, NY 14456

David Christopher Sieling

Personal Injury, Trusts, Litigation, Estate

Status:

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29 W Main St, Honeoye Falls, NY 14472

Heidi W. Feinberg

Trusts, Estate Planning, Elder Law

Status: Licensed: 22 Years

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3407 Rochester Rd, Lakeville, NY 14480

Michael D Calarco

Trusts, Estate, Collection, Bankruptcy

Status: Licensed: 35 Years

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605 Mason St, Newark, NY 14513

Christine Carol Lachnicht

Commercial Real Estate, Trusts, Corporate, Banking & Finance

Status:

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634 South Main Street, Newark, NY 14513

Adam Brunner

Trusts, Commercial Real Estate, Estate Planning, Wills

Status: Licensed: 17 Years

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39 Deer Creek Rd, Pittsford, NY 14534

Amanda Heusner Klier

International, Trusts, Estate

Status: Licensed: 17 Years

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26 Wood Stone Rise, Pittsford, NY 14534

800-923-0641

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LEGAL TERMS

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

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.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

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.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

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 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.

GRANTOR

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

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.

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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Cohocton Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Molly Sanders

Kathleen Bridget Barry

Howard Eric Berger

Natalie Ann Kanellis

David Christopher Sieling

Heidi W. Feinberg

Michael D Calarco

Christine Carol Lachnicht

Adam Brunner

Amanda Heusner Klier

TIPS

LEGAL TERMS

SURVIVING SPOUSE'S TRUST

RESIDUARY ESTATE

INVESTOR

LAPSE

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

DISTRIBUTEE

RESIDUARY BENEFICIARY

GRANTOR

FINAL BENEFICIARY

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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