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Abraham Michelson
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203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Andrew C. Hilton III

Real Estate, Trusts, Wills & Probate

Status: In Good Standing Licensed: 39 Years

CONTACT

4063 N Buffalo St, Orchard Park, NY 14127

Francis Robert Vavonese

Estate Planning, Nursing Home, Power of Attorney, Trusts

Status: In Good Standing Licensed: 19 Years

CONTACT

15 Greenwood Drive, Orchard Park, NY 14127

Judy Nicholena Cuzzacrea Wagner

Other, Trusts, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 23 Years

CONTACT

726 Exchange St, Buffalo, NY 14210

Denise M. Malican

Trusts, Family Law, Children's Rights, Contract

Status: In Good Standing Licensed: 34 Years

CONTACT

271 Lakefront Blvd, Buffalo, NY 14202

Denise M. Malican

Trusts, Family Law, Children's Rights, Contract

Status: In Good Standing Licensed: 34 Years

CONTACT

271 Lakefront Blvd, Buffalo, NY 14202

James Marshall Wadsworth

Industry Specialties, Trusts, Estate

Status: In Good Standing Licensed: 60 Years

CONTACT

140 Pearl St, Buffalo, NY 14202

Britta L. Mckenna

Trusts, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 20 Years

CONTACT

140 Pearl St, Buffalo, NY 14202

Katherine Emily Cauley

Real Estate, International, Trusts, Estate

Status: In Good Standing Licensed: 25 Years

CONTACT

140 Pearl St, Buffalo, NY 14202

George Edward Riedel

Litigation, Trusts, Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

42 Delaware Ave, Buffalo, NY 14202

Charles E. Milch

Estate Administration, Trusts, Gift Taxation, Estate Planning

Status: In Good Standing

CONTACT

69 Delaware Avenue, Buffalo, NY 14202

800-923-0641

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LEGAL TERMS

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).

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

CERTIFICATION OF TRUST

See abstract of trust.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

DEVISEE

A person or entity who inherits real estate under the terms of a will.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

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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Angola Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew C. Hilton III

Francis Robert Vavonese

Judy Nicholena Cuzzacrea Wagner

Denise M. Malican

Denise M. Malican

James Marshall Wadsworth

Britta L. Mckenna

Katherine Emily Cauley

George Edward Riedel

Charles E. Milch

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LEGAL TERMS

PER CAPITA

LAPSE

CERTIFICATION OF TRUST

GENERATION-SKIPPING TRUST

ESTATE PLANNING

PROPERTY CONTROL TRUST

SPECIAL ADMINISTRATOR

DEVISEE

ENTITY

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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