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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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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

CONTACT

1 Kyer Farm Rd, Gansevoort, NY 12831

John Michael Hogan

Litigation, Trusts, DUI-DWI, Insurance

Status: Suspended Licensed: 61 Years

CONTACT

Saratoga Springs, NY 12866

John Michael Hogan

Litigation, Trusts, DUI-DWI, Insurance

Status: Suspended Licensed: 61 Years

CONTACT

Saratoga Springs, NY 12866

Michael August Brandi

Litigation, Trusts, Business

Status: In Good Standing Licensed: 10 Years

CONTACT

227 Washington St, Saratoga Springs, NY 12866

Matthew J. Dorsey

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

Status: In Good Standing Licensed: 28 Years

CONTACT

1 Court St, Saratoga Springs, NY 12866

Robert May

Tax, Science, Technology & Internet, Trusts, Non-profit, Estate Planning

Status: In Good Standing Licensed: 41 Years

CONTACT

10 Railroad Place, Saratoga Springs, NY 12866

800-923-0641

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LEGAL TERMS

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

TRUSTEE POWERS

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

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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.'

TITLE COMPANY

A company that issues title insurance.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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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Porter Corners Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Todd William Morrow

Jennifer M. Kane

John Michael Hogan

John Michael Hogan

Michael August Brandi

Matthew J. Dorsey

Robert May

TIPS

LEGAL TERMS

ANCILLARY PROBATE

TRUSTEE POWERS

LAPSE

DEATH TAXES

RESIDUARY ESTATE

LIVING TRUST

TITLE COMPANY

TRUST CORPUS

TESTAMENTARY TRUST

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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