Santa Claus Estate Planning Lawyer, New York, page 3

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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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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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Includes: Gift Taxation

Melissa Longo Munster

Corporate, Employment, Estate Planning, Family Law

Status:

CONTACT

630 Third Avenue, New York, NY 10017

Madeleine E. Moise Cassetta

Family Law, Professional Malpractice, Estate Planning, Ethics

Status:

CONTACT

885 Third Avenue, New York, NY 10022

Paul B Gottbetter

Real Estate, Estate Planning, Partnerships, Business Organization

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FREE CONSULTATION

CONTACT

488 Madison Avenue, New York, NY 10022

William J. Cortellessa

Estate Planning, Consumer Protection, Corporate, Collection

Status:

FREE CONSULTATION

CONTACT

292 Madison Avenue, New York, NY 10017

Leonard S Salis

Corporate, Business, Estate Planning, Franchising, Estate

Status:

FREE CONSULTATION

CONTACT

110 East 59Th Street, New York, NY 10022

Lorraine Paceleo

Gift Taxation, Estate Administration, Wills & Probate, Tax

Status:

CONTACT

600 3Rd Avenue, New York, NY 10016

Charles L. Mitchell

Estate, Estate Planning, Estate Administration, Real Estate, Employment

Status: Licensed: 47 Years

CONTACT

25 W 43Rd St, New York, NY 10036

Weiyu (Livia) Li

Business, Intellectual Property, Residential Real Estate, Contract, Estate Planning

Status: Licensed: 6 Years

CONTACT

32 East 57th Street, New York, NY 10022

John F Kaley

Estate Planning, Family Law, Criminal, Corporate, Other

Status: Licensed: 49 Years

CONTACT

217 Broadway, New York, NY 10007

Dennis T. D'Antonio

Real Estate, Estate Planning, Family Law, Insurance, Other

Status: Licensed: 43 Years

CONTACT

52 Duane Street, New York, NY 10007

800-814-6700

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LEGAL TERMS

SURROGATE COURT

See probate court.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Santa Claus Estate Planning Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Melissa Longo Munster

Madeleine E. Moise Cassetta

Paul B Gottbetter

William J. Cortellessa

Leonard S Salis

Lorraine Paceleo

Charles L. Mitchell

Weiyu (Livia) Li

John F Kaley

Dennis T. D'Antonio

TIPS

LEGAL TERMS

SURROGATE COURT

ABSTRACT OF TRUST

MINERAL RIGHTS

GRANT DEED

PRETERMITTED HEIR

PROPERTY CONTROL TRUST

GENERATION-SKIPPING TRANSFER TAX

INHERIT

PROBATE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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