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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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Irina Yadgarova

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Estate, Wills & Probate, Trusts, Elder Law

Providing outstanding legal services and counsel in the areas of Estate, Probate and Elder Law.

Attorney Irina Yadgarova focuses her practice on Trusts & Estates, Probate & Administration, Elder Law, and Real Estate. She is licensed to practice l... (more)

FREE CONSULTATION

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800-765-5171

63-50 Wetherole Street, Rego Park, NY 11374

Miriam Lazofsky

Real Estate, Trusts, Contract, Bankruptcy

Status: Licensed: 69 Years

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10314 Avenue M, Brooklyn, NY 11236

Juliet Gavriel

Tax, Trusts, Estate, Elder Law

Status: Licensed: 13 Years

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10519 Metropolitan Ave, Forest Hills, NY 11375

George Klein

Real Estate, Trusts, Elder Law, Wills & Probate

Status: Licensed: 41 Years

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7009 Austin St, Forest Hills, NY 11375

Paul Joseph Gengo

Trusts, Estate, Business

Status: Licensed: 44 Years

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295 Burns St, Forest Hills, NY 11375

Leslie Whitman Greene

Residential Real Estate, Immigration, Trusts, Divorce

Status: Licensed: 33 Years

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11134 75Th Rd, Forest Hills, NY 11375

Marianna Schwartsman

Estate, Trusts, Business, Wills & Probate

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FREE CONSULTATION

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118-35 Queens Blvd #400, Forest Hills, NY 11375

Jerome Plotner

Commercial Real Estate, Wills, Trusts, Estate Planning

Status: Licensed: 72 Years

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14709 88Th Ave, Jamaica, NY 11435

James Baglino

Commercial Real Estate, Trusts, Business & Trade, Personal Injury

Status: Licensed: 30 Years

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16110A Crossbay Blvd, Jamaica, NY 11414

Eugenia A. Montemarano

Real Estate, Trusts, Estate, Business

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8167 Lefferts Blvd, Kew Gardens, NY 11415

800-923-0641

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LEGAL TERMS

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.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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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Howard Beach Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Irina Yadgarova

Miriam Lazofsky

Juliet Gavriel

George Klein

Paul Joseph Gengo

Leslie Whitman Greene

Marianna Schwartsman

Jerome Plotner

James Baglino

Eugenia A. Montemarano

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LEGAL TERMS

RESIDUARY BENEFICIARY

ENDOWMENT INSURANCE

BENEFICIARY

ADMINISTRATION (OF AN ESTATE)

GROSS ESTATE

POWER OF APPOINTMENT

SPRINKLING TRUST

CERTIFIED COPY

PER STIRPES

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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