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Abraham Michelson
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Kathleen M. Sheehan

Immigration, Trusts, Child Custody, Criminal

Status: In Good Standing Licensed: 38 Years

CONTACT

615 Park Ave, Ballston Lake, NY 12118

Michael Thurber Brockbank

Elder Law, Wills & Probate, Trusts, Civil & Human Rights

Status: In Good Standing

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609 Route 146A, Clifton Park, NY 12065

Arthur Frederic Casey

Commercial Real Estate, Wills & Probate, Trusts, Banking & Finance

Status: In Good Standing Licensed: 56 Years

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Clifton Park, NY 12065

Michael William Schafer

Commercial Real Estate, Wills, Trusts, Estate Planning

Status: In Good Standing Licensed: 35 Years

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3 Corporate Dr, Clifton Park, NY 12065

Mark Brian Grosky

Special Education, Medicare & Medicaid, Trusts, Elder Law

Status: In Good Standing Licensed: 29 Years

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9 Executive Park Drive, Clifton Park, NY 12065

Gilbert L. Carey

Tax Litigation, Tax, Trusts, Business & Trade

Status: In Good Standing

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139 Meyer Road, Clifton Park, NY 12065

Todd William Morrow

Real Estate, Trusts, Divorce, Criminal

Status: In Good Standing Licensed: 25 Years

CONTACT

260 Main Street, Corinth, NY 12822

Jennifer M. Kane

International Tax, Estate Administration, Trusts, Estate Planning

Status: In Good Standing Licensed: 14 Years

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1 Kyer Farm Rd, Gansevoort, NY 12831

Joseph B. Carr

Corporate, Commercial Real Estate, Trusts

Status: Deceased Licensed: 49 Years

CONTACT

11 British American Boulevard, Latham, NY 12110

Aaron Edward Connor

Litigation, Lawsuit & Dispute, Trusts, Estate, Elder Law

Status: In Good Standing

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43 British American Blvd, Latham, NY 12110

800-923-0641

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LEGAL TERMS

GRANTOR

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

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

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.

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.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

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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Galway Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kathleen M. Sheehan

Michael Thurber Brockbank

Arthur Frederic Casey

Michael William Schafer

Mark Brian Grosky

Gilbert L. Carey

Todd William Morrow

Jennifer M. Kane

Joseph B. Carr

Aaron Edward Connor

TIPS

LEGAL TERMS

GRANTOR

GENERATION-SKIPPING TRANSFER TAX

LIVING TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

INTESTATE SUCCESSION

QDOT TRUST

SWEARING MATCH

INTESTATE

INVENTORY

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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