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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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Cynthia Maxwell Curtin

Land Use & Zoning, Municipal, Trusts, Employee Rights

Status: Licensed: 40 Years

CONTACT

42 Albany St, Cazenovia, NY 13035

Eric Midthun Brooks

Family Law, Trusts, Criminal

Status: Licensed: 12 Years

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551 Franklin Park Dr East, East Syracuse, NY 13057

Harvey Robert Lasner

Wills, Trusts, Estate Planning, Elder Law

Status: Licensed: 54 Years

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6661 Kirkville Road, East Syracuse, NY 13057

Jaime Rose

Elder Law, Medical Malpractice, Trusts, Estate Planning

Status:

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6661 Kirkville Road, East Syracuse, NY 13057

Jennifer Caroline Hicks

Traffic, Federal Trial Practice, Estate Planning, Criminal, Trusts

Status:

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133 S Peterboro St, Canastota, NY 13032

Michel J. Debottis

Landlord-Tenant, Trusts, Employee Rights, Child Custody

Status: Licensed: 39 Years

CONTACT

312 Broad St, Oneida, NY 13421

Robert David Scolaro

Trusts, Family Law, Elder Law, Corporate

Status: Licensed: 24 Years

CONTACT

6832 E Genesee St, Fayetteville, NY 13066

Stephen Keith Koldin

Trusts, Estate Planning, Elder Law

Status: Licensed: 36 Years

CONTACT

6661 Kirkville Rd, East Syracuse, NY 13057

Timothy Humphrey Doolittle

Estate, Wills & Probate, Trusts

Status: Licensed: 12 Years

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Syracuse, NY 13214

800-923-0641

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LEGAL TERMS

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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).

CERTIFICATION OF TRUST

See abstract of trust.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

TESTAMENTARY TRUST

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

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.

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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Wampsville Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Cynthia Maxwell Curtin

Eric Midthun Brooks

Harvey Robert Lasner

Jaime Rose

Jennifer Caroline Hicks

Michel J. Debottis

Robert David Scolaro

Stephen Keith Koldin

Timothy Humphrey Doolittle

TIPS

LEGAL TERMS

TRUSTEE

ESTATE TAXES

SUCCESSION

SPENDTHRIFT TRUST

CHARITABLE TRUST

CERTIFICATION OF TRUST

DEATH TAXES

TESTAMENTARY TRUST

PROPERTY CONTROL TRUST

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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