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Roman  Aminov Lawyer

Roman Aminov

VERIFIED
Estate
Compassionate Estate Planning, Probate, and Elder Law Attorney

Probate/Estate Attorney in Nassau & Suffolk County: Probate: The probate process refers to the task of going to court to claim your assets that you... (more)

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800-631-7690

Lori R. Somekh Lawyer

Lori R. Somekh

VERIFIED
Elder Law, Medicare & Medicaid, Power of Attorney, Estate, Real Estate Other
Helping Protect Seniors And Those Who Love Them

Lori R. Somekh was admitted to practice law in New York and the Federal Courts. She established her own firm in 1997. Ms. Somekh enjoys serving her cl... (more)

Suzanne M. Bloomer Lawyer

Suzanne M. Bloomer

Commercial Real Estate, Wills, Trusts
Giovanni P. Silvagni Lawyer

Giovanni P. Silvagni

VERIFIED
Elder Law, Estate, Medicare & Medicaid, Litigation, Power of Attorney

Elder Law and Estate Planning firm serving New York City and Long Island. We can help you to preserve your assets from nursing home bills, Probate, wh... (more)

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800-918-4240

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Marcel A. Sager Lawyer

Marcel A. Sager

VERIFIED
Personal Injury, Divorce & Family Law, Wills & Probate, Elder Law, Real Estate
Experienced. Professional. Attentive To Your Needs.

Marcel A. Sager is licensed to practice law in New York, New Jersey, the District of Columbia, Illinois, local federal courts, the U.S. Tax Court and ... (more)

Marc  Schwartz Lawyer

Marc Schwartz

VERIFIED
Bankruptcy, Bankruptcy & Debt, Estate, Wills & Probate

Marc Schwartz is a practicing lawyer in the state of New York.

Yelena  Sharova Lawyer

Yelena Sharova

VERIFIED
Divorce & Family Law, Criminal, Foreclosure, Estate
Client-oriented Law Firm

We are a law firm that caters to every individual client as if they are the only client. We take pride in being knowledgeable and savvy in particular ... (more)

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800-481-2071

Marianna  Schwartsman Lawyer

Marianna Schwartsman

VERIFIED
Estate, Trusts, Wills & Probate, Business

Marianna Schwartsman is the principle of the Firm. Prior to starting her own private practice, Marianna practiced law at the New York City law firm o... (more)

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800-978-0601

Adam Foster Katz Lawyer

Adam Foster Katz

VERIFIED
Estate, Wills & Probate, Trusts, Power of Attorney, Business

Katz Law Firm’s founder and managing partner, Adam Katz, is admitted to practice law in New York Supreme Court, Southern District, Eastern District ... (more)

Itamar  Levy Lawyer

Itamar Levy

VERIFIED
Accident & Injury, Real Estate, Estate, Immigration, Criminal

While in Law School Mr. Levy worked for a Wall Street law firm that specialized in Real Estate and Trusts and Estates. After graduating from law schoo... (more)

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800-616-7251

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Lawyer.com can help you easily and quickly find New York Estate Lawyers and New York Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

DEVISEE

A person or entity who inherits real estate under the terms of a will.

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.

FAMILY POT TRUST

See pot trust.

LIFE INSURANCE

A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays... (more...)
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays a regularly scheduled fee, known as the insurance premiums. The purpose of life insurance is to provide financial support to those who survive the policyholder, such as family members or business partners. When the policyholder dies, the insurance proceeds pass to the beneficiaries free of probate, though they are counted for federal estate tax purposes. group life insurance Life insurance available through an employer or association that covers participating employees and members under one master insurance policy. Most group life insurance policies are term insurance policies, that terminate when the member or employee reaches a certain age or leaves the organization and do not accumulate any cash surrender value. term life insurance No-frills life insurance, with neither cash surrender value nor loan value (an amount that can be used as collateral for a loan). Term life insurance provides a pre-set amount of coverage if the policyholder dies during the period of time specified in the policy. Policyholders usually have the option to renew at the end of the term for the period of years specified in the policy. Unlike whole life insurance, premiums generally increase as the insured person gets older and the risk of death increases.universal life insurance A type of whole life insurance that offers some additional features and advantages. Like whole life insurance, universal life insurance accumulates cash value through investment of the premium payments. The unique feature of universal life insurance is that it has variable premiums, benefits and payment schedules, all of which are tied to market interest rates and the performance of the investment portfolio. Also, universal life plicies normally provide you with more consumer information. For example, you are told how much of your policy payments goes for insurance company overhead expenses, reserves and policy proceed payments, and how much is retained and invested for your savings. This information isn't usually provided with whole life policies.variable life insurance A type of whole life insurance in which the amount of death benefits varies, depending on the performance of investments. The insurance company places some or all of the fixed premium payments into an investment account; some companies let the insured person decide how the money is invested. The policyholder bears the risk of investment losses, though there is a guaranteed minimum benefit payment. One benefit of variable insurance is that interest and dividend income from the investment account is not taxed until it is paid out to the policyholder.variable universal life insurance A type of whole life insurance that provides greater potential for financial gain--and brings greater risks. Like universal life insurance, variable universal life insurance offers flexible premiums, payment schedules and benefits. But variable universal life policies are riskier because the premiums are invested in stocks, rather than more predictable money market accounts and bonds. Also called universal variable life insurance.whole life insurance Life insurance that provides coverage for the entire life of the policyholder, who pays the same fixed premium throughout his or her life. The policy builds up cash reserves that may be paid out to the policyholder when he or she surrenders or partially surrenders the policy or uses the cash reserves to fund low-interest loans. The annual increase in the cash value of the policy is not taxed. If the policyholder surrenders the policy, a portion of the payment is not taxable. Also called straight life insurance or ordinary life insurance.

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.

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.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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 ...