Suffolk County, NY Estate Lawyers, page 2

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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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James F. Misiano

Estate Planning, Personal Injury, Real Estate, Trusts

Status: In Good Standing

FREE CONSULTATION

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510 Broadhollow Road, Melville, NY 11747

Roger D. Ramme

Defamation & Slander, Estate Planning, Real Estate, Tax

Status: In Good Standing

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18 West Carver Street, Huntington, NY 11743

Arthur Goldstein

Land Use & Zoning, Litigation, Estate Planning, Family Law

Status: In Good Standing

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18 West Carver Street, Huntington, NY 11743

Eliot M. Rudick

Corporate, Estate Planning, Family Law, Real Estate

Status: In Good Standing

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150 Vanderbilt Motor Parkway, Hauppauge, NY 11788

Janine A. Barbera

Wills, Collaborative Law, Family Law, Divorce

Status: In Good Standing

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428 Route 25A, Miller Place, NY 11764

David C. Jacobson

Corporate Tax, Gift Taxation, Estate Planning, Elder Law

Status: In Good Standing

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445 Broad Hollow Road, Melville, NY 11747

John Vaughn

Corporate, Business Organization, Criminal, Estate Administration

Status: In Good Standing

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72 E Main St, Babylon, NY 11702

Andrew D. Blum

Wills & Probate, Family Law, Constitutional Law, Civil Rights

Status: In Good Standing

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150 Motor Parkway, Hauppauge, NY 11788

Kenneth F. Grabie

Wills & Probate, Government Agencies, Health Care, Wills

Status: In Good Standing

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162 Terry Road, Smithtown, NY 11787

Lane M. Bubka

Real Estate, Traffic, Class Action, Trusts

Status: In Good Standing Licensed: 15 Years

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737 Roanoke Avenue, Riverhead, NY 11901

800-923-0641

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LEGAL TERMS

CURATOR

See conservator.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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.

TESTAMENTARY TRUST

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

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.

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.

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.

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.

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 ...

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Suffolk County, NY Estate Lawyers, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James F. Misiano

Roger D. Ramme

Arthur Goldstein

Eliot M. Rudick

Janine A. Barbera

David C. Jacobson

John Vaughn

Andrew D. Blum

Kenneth F. Grabie

Lane M. Bubka

TIPS

LEGAL TERMS

CURATOR

BYPASS TRUST

ADEMPTION

POWER OF APPOINTMENT

TESTAMENTARY TRUST

WILL

PROPERTY CONTROL TRUST

DISTRIBUTEE

RESIDUARY BENEFICIARY

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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