Elmhurst Estate Lawyer, New York, page 4

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The Law Offices of Roman Aminov
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Elder Law, Probate, Estate Planning
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The Law Offices of Roman Aminov is a client centric trusts and estates practice concentrating in estate planning, elder law, and probate.

800-965-1840
1. Roman Aminov Flushing, NY
  Attorney At Law - New York, 2011
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M. Joseph Levin

Wills & Probate, Elder Law, Estate Planning, Real Estate

Status: In Good Standing

FREE CONSULTATION

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8626 Queens Boulevard, Elmhurst, NY 11373

Kerry John Katsorhis

Government Contract, Wills & Probate, Workers' Compensation, Medical Malpractice

Status: In Good Standing

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77-53 Main Street, Flushing, NY 11367

Stephen J. Singer

Criminal, Estate Planning, Family Law, Real Estate

Status: In Good Standing

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125-10 Queens Blvd, Kew Gardens, NY 11415

Lawrence J. Gross

Real Estate, Litigation, Estate Planning, Elder Law

Status: In Good Standing

FREE CONSULTATION

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8626 Queens Boulevard, Elmhurst, NY 11373

Phil Napolitano

Business Organization, Wills & Probate, Real Estate, Wills

Status: In Good Standing

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1519 Castle Hill Avenue, Bronx, NY 10462

Sidney G Sparrow

Criminal, Estate Planning, Family Law, Real Estate

Status: In Good Standing

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125-10 Queens Blvd, Kew Gardens, NY 11415

Robert B. Taylor

Personal Injury, Wills & Probate, Products Liability, Real Estate

Status: In Good Standing

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11821 Queens Boulevard, Forest Hills, NY 11375

Michael Goldsmith

Premises Liability, Wills & Probate, Banking & Finance, Wrongful Death

Status: In Good Standing

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103-42 Lefferts Blvd., South Richmond Hill, NY 11419

Myrna M. Socorro

Estate Administration, Elder Law, Corporate, Contract

Status: In Good Standing

FREE CONSULTATION

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1967 Turnbull Avenue, Bronx, NY 10473

Jacob M. Dyckman

Real Estate, Trusts, Estate Planning, Business Organization

Status: In Good Standing

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292 Madison Avenue, New York, NY 10017

800-923-0641

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LEGAL TERMS

FUNDING A TRUST

Transferring ownership of property to a trust.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

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.

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.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

SECONDARY MEANING

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use ... (more...)

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use and exposure in the marketplace. For example, though first names are not generally considered inherently distinctive, Ben & Jerry's Ice Cream has become so well known that it is now entitled to maximum trademark protection.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

In 1986 Markatos Realtors, Inc. (hereinafter Markatos), Rutger's immediate predecessor in interest, along with Brookside Park Properties, Inc., the defendant's predecessor in interest, executed a written indenture providing, among other things, for mutual easements designating 12 ...

Colasacco v. Robert E. Lawrence Real Estate

In October 2002 the defendant Christopher DiCorato, a real estate agent employed by the defendant Robert E. Lawrence Real Estate (hereinafter Lawrence, and hereinafter together the defendants), met with the plaintiffs and showed them a parcel of vacant property that was ...

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

In any event, plaintiff fails, as a matter of law, to demonstrate any injury for which it is entitled to hold defendant sponsors liable. Although the purchase agreement obligated defendant sponsors to provide plaintiff with a building and unit constructed "in a good and workman-like ...

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Elmhurst Estate Lawyer, New York, page 4

Sponsored Law Firm

The Law Offices of Roman Aminov

SPONSORED LAWYERS

M. Joseph Levin

Kerry John Katsorhis

Stephen J. Singer

Lawrence J. Gross

Phil Napolitano

Sidney G Sparrow

Robert B. Taylor

Michael Goldsmith

Myrna M. Socorro

Jacob M. Dyckman

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LEGAL TERMS

FUNDING A TRUST

NONPROBATE

ACCUMULATION TRUST

SUCCESSION

SPENDTHRIFT TRUST

ADEMPTION

GRANTOR RETAINED INCOME TRUST

SECONDARY MEANING

QDOT TRUST

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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