Floral Park Estate Planning Lawyer, New York

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Elisha  Wellerstein Lawyer

Elisha Wellerstein

VERIFIED *Status is reviewed annually. For latest information visit here
Estate, Elder Law, Trusts, Wills & Probate, Estate Planning

Elisha is the founding principal of Wellerstein Law Group, P.C. With his years of experience as an accountant and business consultant, Elisha is able ... (more)

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718-473-0699

Laura G Grossman

Estate Planning, Real Estate, Trusts, Wills
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

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Jasleen Kaur Anand

Dispute Resolution, Banking & Finance, Estate Administration, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Massimo A. Santoli

International, Trusts, Estate Planning, Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Arfa Mahmud

Estate Planning, Trusts
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Moriah Adamo

Bankruptcy, Estate Planning, Guardianships & Conservatorships, Litigation
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

John Belesi

Family Law, Antitrust, Estate Planning, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Bruce A. Blakeman

Banking & Finance, Estate Planning, Family Law, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Claudio A. De Vellis

Business Successions, Gift Taxation, Estate Planning, Tax
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Elihu I. Rose

Income Tax, Estate Administration, Gift Taxation, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Free Help: Use This Form or Call 800-814-6700

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LEGAL TERMS

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)
An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

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.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

SUCCESSOR TRUSTEE

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

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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