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Abraham Michelson
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
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Gary Rikoon

Banking & Finance, Wills & Probate, Wills, Trusts

Status: In Good Standing

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2180 Boston Post Road, Larchmont, NY 10538

William Maker

Estate Planning, Land Use & Zoning, Wills, Trusts

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2180 Boston Post Road, Larchmont, NY 10538

Arthur E. Olmstead

Elder Law, Wills & Probate, Trusts, Wills

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14 Mamaroneck Avenue, White Plains, NY 10601

Silvia M. Metrena

Real Estate, Wills, Contract, Trusts

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20 South Broadway, Ste 902, Yonkers, NY 10701

Debra A. Arena

Real Estate, Wills, Trusts, Estate

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111 Kraft Avenue, Bronxville, NY 10708

Maria C. Cavallo

Commercial Real Estate, Trusts

Status: In Good Standing Licensed: 35 Years

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51 Pondfield Rd, Bronxville, NY 10708

Suzanne M. Bloomer

Commercial Real Estate, Wills, Trusts, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

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85 Pondfield Rd2, Bronxville, NY 10708

Alexander Nicolas Russo

Commercial Real Estate, Wills, Trusts

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50 E Hartsdale Ave, Hartsdale, NY 10530

Norman Nadel

General Practice

Status: In Good Standing Licensed: 69 Years

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8 Beechwood Rd, Hartsdale, NY 10530

Annmarie Conta

Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 29 Years

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6 Darwood Pl, Hartsdale, NY 10530

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LEGAL TERMS

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

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.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

SURROGATE COURT

See probate court.

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.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

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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Tuckahoe Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gary Rikoon

William Maker

Arthur E. Olmstead

Silvia M. Metrena

Debra A. Arena

Maria C. Cavallo

Suzanne M. Bloomer

Alexander Nicolas Russo

Norman Nadel

Annmarie Conta

TIPS

LEGAL TERMS

GRANTOR

TRUSTEE

INTER VIVOS TRUST

PER CAPITA

SURROGATE COURT

LETTERS TESTAMENTARY

AB TRUST

ABATEMENT

INCOMPETENCE

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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