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1. Abraham Michelson Chicago, IL
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  Thomas Cooley, JD, 2004
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S.J. Khalsa

Living Wills, Trusts, Estate, Civil & Human Rights

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CONTACT

873 Broadway, New York, NY 10003

H Sujin Kim

Trusts, Estate, Criminal

Status: Licensed: 26 Years

CONTACT

1000 5Th Ave, New York, NY 10028

Lisa Diane Gurwitch

Trusts

Status: Licensed: 40 Years

CONTACT

229 W 60Th St, New York, NY 10023

Alex Kendall Ross

Construction, Trusts, Insurance, Credit & Debt

Status: Licensed: 23 Years

CONTACT

845 3Rd Ave, New York, NY 10022

Janis Lynn Mcdonagh

Trusts

Status: Licensed: 33 Years

CONTACT

750 3Rd Avenue, New York, NY 10017

Todd Adam Schulman

Tax, Trusts, Estate Planning, Business

Status: Licensed: 21 Years

CONTACT

425 Park Ave, New York, NY 10022

Paul Richard Karan

Estate Planning, Living Wills, Trusts, Litigation

Status: Licensed: 64 Years

CONTACT

425 Park Ave, New York, NY 10022

Lyonel E. Zunz

Trusts, Corporate, Business & Trade

Status: Licensed: 80 Years

CONTACT

405 Lexington Avenue, New York, NY 10174

Stephen Howard Finkelstein

Trusts, Civil Rights, Corporate, Credit & Debt

Status: Licensed: 58 Years

CONTACT

369 Lexington Ave, New York, NY 10017

Jonathan R. Bell

Litigation, Trusts, Estate, Products Liability

Status: Licensed: 47 Years

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380 Lexington Ave, New York, NY 10168

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LEGAL TERMS

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).

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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.

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 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

S.J. Khalsa

H Sujin Kim

Lisa Diane Gurwitch

Alex Kendall Ross

Janis Lynn Mcdonagh

Todd Adam Schulman

Paul Richard Karan

Lyonel E. Zunz

Stephen Howard Finkelstein

Jonathan R. Bell

TIPS

LEGAL TERMS

CHARITABLE TRUST

SPECIAL ADMINISTRATOR

TRUSTEE

ACCUMULATION TRUST

FAMILY ALLOWANCE

ESTATE PLANNING

WILL

HOLOGRAPHIC WILL

ADEMPTION

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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