East Rockaway Estate Planning Lawyer, New York

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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
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Includes: Gift Taxation

Christina Maria Panzarella

Motor Vehicle, Estate Planning, Estate, Divorce, Criminal

Status: In Good Standing

CONTACT

2893 Long Beach Rd, Oceanside, NY 11572

Chad F. Yegelwel

Estate, Real Estate, Tax, Estate Planning

Status: In Good Standing Licensed: 40 Years

CONTACT

100 N Centre Ave, Rockville Centre, NY 11570

Barbara Ann Goglio

Elder Law, Commercial Real Estate, Estate Planning

Status: In Good Standing Licensed: 37 Years

CONTACT

100 N Centre Ave, Rockville Centre, NY 11570

Steven R Herman

International, Trusts, Gift Taxation, Business

Status: In Good Standing Licensed: 46 Years

CONTACT

100 N Village Ave, Rockville Centre, NY 11570

Michelle A. Frankel

Estate Planning, Medical Malpractice

Status: In Good Standing Licensed: 9 Years

CONTACT

20 E Sunrise Hwy, Valley Stream, NY 11581

Michele Frankel

Estate Planning

Status: In Good Standing Licensed: 18 Years

CONTACT

151 Irving Pl, Woodmere, NY 11598

Jack D. Matza

Estate Planning, Divorce, Elder Law, Personal Injury

Status: In Good Standing Licensed: 45 Years

CONTACT

265 Sunrise Hwy, Rockville Centre, NY 11570

Irwin M. Goldstein

Commercial Real Estate, Estate Planning

Status: In Good Standing Licensed: 57 Years

CONTACT

96 Margaret Ave, Lawrence, NY 11559

Charles E. Lapp

Estate Planning, Wills & Probate, Residential Real Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

100 Cedarhurst Ave, Cedarhurst, NY 11516

Harvey Sherwin Brown

General Practice

Status: In Good Standing Licensed: 53 Years

CONTACT

540 Arlington Rd, Cedarhurst, NY 11516

800-923-0641

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LEGAL TERMS

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

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.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

SUCCESSOR TRUSTEE

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

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.'

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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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East Rockaway Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Christina Maria Panzarella

Chad F. Yegelwel

Barbara Ann Goglio

Steven R Herman

Michelle A. Frankel

Michele Frankel

Jack D. Matza

Irwin M. Goldstein

Charles E. Lapp

Harvey Sherwin Brown

TIPS

LEGAL TERMS

ADEMPTION

KINDRED

CONSERVATOR

FINAL BENEFICIARY

POUR-OVER WILL

SUCCESSOR TRUSTEE

SPRINKLING TRUST

LIVING TRUST

PRETERMITTED HEIR

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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