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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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Catherine Rose Faughnan

Contract, Family Law, Trusts, Commercial Real Estate

Status: In Good Standing

CONTACT

12 Ardsley Rd, Binghamton, NY 13904

Catherine Rose Faughnan

Commercial Real Estate, Trusts, Family Law, Contract

Status: In Good Standing Licensed: 18 Years

CONTACT

12 Ardsley Rd, Binghamton, NY 13904

Debra Jean Cohn

Trusts, Divorce, Divorce & Family Law, Elder Law

Status: In Good Standing Licensed: 17 Years

CONTACT

68 Oak St, Binghamton, NY 13905

Erin Alisha Cummings

Estate, Wills & Probate, Trusts

Status: In Good Standing Licensed: 16 Years

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

Beth E. Westfall

Real Estate, Trusts, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing

CONTACT

Binghamton, NY 13902

Kristen Kae Luce

Real Estate, Trusts, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 17 Years

CONTACT

Binghamton, NY 13902

Angelina Cutrona

Landlord-Tenant, Trusts, Employee Rights, Divorce, Bankruptcy

Status: In Good Standing

CONTACT

46 Front St, Binghamton, NY 13905

Reuben M. Monastra

Trusts

Status: In Good Standing Licensed: 13 Years

CONTACT

45 Hawley Street, Binghamton, NY 13901

Gordon E Thompson

Real Estate, Wills & Probate, Trusts, Divorce & Family Law

Status: In Good Standing Licensed: 49 Years

CONTACT

19 Chenango St, Binghamton, NY 13901

Alexandra Norton Sullivan

Residential Real Estate, Wills, Trusts, Commercial Bankruptcy

Status: In Good Standing Licensed: 9 Years

CONTACT

80 Exchange St, Binghamton, NY 13901

800-923-0641

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LEGAL TERMS

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

IRREVOCABLE TRUST

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

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.'

CERTIFICATION OF TRUST

See abstract of trust.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

DEED OF TRUST

See trust deed.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

NET ESTATE

The value of all property owned at death less liabilities or debts.

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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Harpursville Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Catherine Rose Faughnan

Catherine Rose Faughnan

Debra Jean Cohn

Erin Alisha Cummings

Beth E. Westfall

Kristen Kae Luce

Angelina Cutrona

Reuben M. Monastra

Gordon E Thompson

Alexandra Norton Sullivan

TIPS

LEGAL TERMS

AB TRUST

WILL

IRREVOCABLE TRUST

LIVING TRUST

CERTIFICATION OF TRUST

CONTINGENT BENEFICIARY

DEED OF TRUST

BANKRUPTCY ESTATE

NET ESTATE

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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