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1. Abraham Michelson Chicago, IL
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  Thomas Cooley, JD, 2004
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Alexander Nevins

Trusts

Status: Licensed: 18 Years

CONTACT

16 Court St, Brooklyn, NY 11241

Yana Pechersky

Commercial Real Estate, Trusts, Estate Planning, Elder Law

Status: Licensed: 16 Years

CONTACT

1599 E 15Th St, Brooklyn, NY 11230

Hetert-Qebu A. Walters

General Practice

Status: Licensed: 10 Years

CONTACT

694 Classon Ave, Brooklyn, NY 11238

Abby Carol Zampardi

Trusts, Elder Law, Accident & Injury

Status: Licensed: 10 Years

CONTACT

16 Court St, Brooklyn, NY 11241

Steven James Spriggs

Energy, Trusts, Employee Rights, Antitrust

Status: Licensed: 8 Years

CONTACT

100 Willoughby St, Brooklyn, NY 11201

Jessica Press Herzog

Tax, Wills, Trusts, Contract

Status: Licensed: 7 Years

CONTACT

67 West St, Brooklyn, NY 11222

Natalene Ong

Trusts, Estate Planning, Trusts

Status:

CONTACT

260 Broadway, Brooklyn, NY 11211

Kimberly F Williams

Estate Planning, Family Law, Administrative Law, Labor Law, Trusts

Status: Licensed: 8 Years

CONTACT

20 Jay St, Brooklyn, NY 11201

Yanfei Ran

Immigration, Trusts, Divorce & Family Law, Consumer Rights

Status: Licensed: 10 Years

CONTACT

13620 38Th Ave, Flushing, NY 11354

George Klein

Real Estate, Trusts, Elder Law, Wills & Probate

Status: Licensed: 41 Years

CONTACT

7009 Austin St, Forest Hills, NY 11375

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LEGAL TERMS

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.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

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.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

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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Sunnyside Trusts Lawyer, New York, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alexander Nevins

Yana Pechersky

Hetert-Qebu A. Walters

Abby Carol Zampardi

Steven James Spriggs

Jessica Press Herzog

Natalene Ong

Kimberly F Williams

Yanfei Ran

George Klein

TIPS

LEGAL TERMS

PROBATE

REMAINDERMAN

RESIDUARY BENEFICIARY

GRANTOR RETAINED INCOME TRUST

LETTERS TESTAMENTARY

CONSERVATOR

RESIDUARY ESTATE

IRREVOCABLE TRUST

GROSS ESTATE

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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