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September 07, 2008
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Estate Planning News

 

 

New members to the Committee on Professional Standards.

Presiding Justice Anthony V. Cardona of the Supreme Court, Appellate Division, Third Judicial Department, recently announced the appointment of three new members to the Third Department’s Committee on Professional Standards.

The Committee consists of twenty-one members, all of whom serve without compensation, and is charged with the investigation of alleged professional misconduct by attorneys who practice in the twenty-eight upstate counties which constitute the Third Department.

The three new members, who were each appointed to a three-year term expiring in March 2009, are:

Joseph M. Curtin, of Saratoga Springs - Mr. Curtin is a graduate of St. Michael’s College and received a Masters of Education degree from the University of Vermont. He was previously a Vice President and Acting President of The Sage Colleges and is currently the President of the Independent College Fund of New York, Inc., in Albany.

Leonard A. Govern, of Walton - Mr. Govern, a long-time resident of Delaware County, is the President and CEO of The Reporter Company Printers and Publishers, Inc. which is headquartered in Walton.

Edgar G. Purcell, Jr., Esq., of Glens Falls - Mr. Purcell is a graduate of St. Lawrence University and Georgetown University Law School. He practiced for many years as a partner in the Plattsburgh law firm of Stafford & Purcell.

The Presiding Justice also announced the re-appointment of Committee members Vincent Capasso, Jr., Esq., of Schenectady, Thomas C. Emerson, Esq., of Norwich, and Joan Tailleur, Esq., of West Coxsackie.

Finally, the Presiding Justice announced the appointment of Joseph M. Brennan, Esq., of Albany, as Chairperson of the Committee, for a one-year term, effective April 1, 2006. Hon. Philip S. Caponera, of Colonie, was appointed Vice Chairperson of the Committee, also for a one-year term, effective April 1, 2006.

 

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Did You Know?    
 
 
A Will, is sometimes called a "Last Will and Testament"
Used to transfer property you hold in your name to the person(s) and/or organization(s) you want to have it. A Will also typically names someone you select to be your Personal Representative (or "Executor") to carry out your instructions and names a Guardian if you have minor children. A Will only becomes effective upon your death, and after it is admitted to probate.

 


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Estate Planning Terms

 


Today's Terms

Exemption Credit

Definition:
The amount of tax credit, similar in nature to the personal income tax exemption, applied to the transfer tax due at a person's death.

Transfer Tax

Definition:
The combined Federal Estate and Gift tax. A single exemption credit applies whether the property was transferred during a person's lifetime (gift tax) or is held by a person at the time of his/her death (estate tax).

In-Terrorum Clause

Definition:
A provision of a will or trust that disinherits a person in the event that he/she challenges the terms of the will or trust. Sometime called a No-Contest Clause.

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Estate Planning Resources

 


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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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Chicago Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Arlington Heights
  • Aurora
  • Bartlett
  • Berwyn
  • Bolingbrook
  • Buffalo Grove
  • Carol Stream
  • Chicago
  • Chicago Heights
  • Cicero
  • Des Plaines
  • Elgin
  • Glenview
  • Granite City
  • Harvey
  • Joliet
  • Lockport
  • Lombard
  • Mchenry
  • Moline
  • Mount Prospect
  • Normal
  • Oak Lawn
  • Palatine
  • Plainfield
  • Tinley Park
  • Waukegan
  • Wheaton
 


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