Westchester County, NY Trusts Lawyers, page 2

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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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Todd A. Fishlin

Real Estate, Litigation, Trusts, Estate, Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

118 N Bedford Rd, Mount Kisco, NY 10549

Jonathan Jervis Lanman

Real Estate, Estate Planning, Elder Law, Trusts

Status: In Good Standing

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1133 Westchester Avenue, West Harrison, NY 10604

Susette Lucia Acocella

Estate Planning, Guardianships & Conservatorships, Trusts, Estate

Status: In Good Standing

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1133 Westchester Avenue, West Harrison, NY 10604

Frances M. Pantaleo

Wills, Trusts, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

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1 N Lexington Ave, White Plains, NY 10601

James R. Hall

General Practice

Status: In Good Standing Licensed: 54 Years

CONTACT

5003 Manor Dr, Peekskill, NY 10566

Nancy Jean Rudolph

Commercial Real Estate, Real Estate, Lawsuit & Dispute, Trusts

Status: In Good Standing

CONTACT

1 N Lexington Ave, White Plains, NY 10601

Debra A. Arena

Real Estate, Wills, Trusts, Estate

Status: In Good Standing

CONTACT

111 Kraft Avenue, Bronxville, NY 10708

Adonia David

Litigation, Wills & Probate, Business, Trusts

Status: In Good Standing

CONTACT

235 Main Street, White Plains, NY 10601

Silvia Maria Metrena

Real Estate, Wills, Contract, Trusts

Status: In Good Standing

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20 S. Broadway, Yonkers, NY 10701

Michael J. Riolo

Elder Law, Estate Planning, Trusts, Estate

Status: In Good Standing

CONTACT

399 Knollwood Road, White Plains, NY 10603

800-923-0641

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LEGAL TERMS

TESTAMENTARY TRUST

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

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

CURATOR

See conservator.

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

CREDIT SHELTER TRUST

See AB trust.

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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Westchester County, NY Trusts Lawyers, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Todd A. Fishlin

Jonathan Jervis Lanman

Susette Lucia Acocella

Frances M. Pantaleo

James R. Hall

Nancy Jean Rudolph

Debra A. Arena

Adonia David

Silvia Maria Metrena

Michael J. Riolo

TIPS

LEGAL TERMS

TESTAMENTARY TRUST

SUCCESSOR TRUSTEE

NONPROBATE

CURATOR

DEATH TAXES

SPECIFIC BEQUEST

RESIDUARY ESTATE

PERSONAL PROPERTY

CREDIT SHELTER TRUST

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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