Uniondale Estate Planning Lawyer, New York

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Includes: Gift Taxation

Laura G Grossman

Estate Planning, Real Estate, Trusts, Wills
Status:  In Good Standing           

FREE CONSULTATION 

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Michael N. Balsamo

Estate Planning, Corporate, Contract, Business Organization
Status:  In Good Standing           

Jasleen Kaur Anand

Dispute Resolution, Banking & Finance, Estate Administration, Estate Planning
Status:  In Good Standing           

James L. Iannone

Real Estate, Litigation, Estate Planning, Criminal
Status:  In Good Standing           

Robert J. Aurigema

Estate Planning, Employee Rights, Bankruptcy, Products Liability
Status:  In Good Standing           Licensed:  52 Years

William M. Cornachio

Estate Planning, Employee Rights, Bankruptcy, Products Liability
Status:  In Good Standing           Licensed:  47 Years

David Michael Grill

Estate Planning, Employee Rights, Bankruptcy, Products Liability
Status:  In Good Standing           Licensed:  32 Years

William M. Savino

Estate Planning, Employee Rights, Bankruptcy, Products Liability
Status:  In Good Standing           Licensed:  50 Years

Stephen J. Smirti

Estate Planning, Employee Rights, Bankruptcy, Products Liability
Status:  In Good Standing           Licensed:  48 Years

Walter J. Gumersell

Estate Planning, Employee Rights, Bankruptcy, Products Liability
Status:  In Good Standing           Licensed:  45 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

TESTAMENTARY TRUST

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

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)
The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

TITLE COMPANY

A company that issues title insurance.

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.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)
A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

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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