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Abraham Michelson
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The Michelson Law Office
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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Harvey Robert Lasner

Wills, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 54 Years

CONTACT

6661 Kirkville Road, East Syracuse, NY 13057

Jaime Rose

Elder Law, Medical Malpractice, Trusts, Estate Planning

Status: In Good Standing

CONTACT

6661 Kirkville Road, East Syracuse, NY 13057

John S. King

Real Estate, Wills & Probate, Trusts, Consumer Rights

Status: Retired Licensed: 40 Years

CONTACT

507 Plum St, Syracuse, NY 13204

Aaron Daniel Frishman

Medicare & Medicaid, Trusts, Estate Planning, Estate, Elder Law

Status: In Good Standing

CONTACT

110 W Fayette St, Syracuse, NY 13202

Frank J. Vavonese

Personal Injury, Family Law, Trusts, Litigation

Status: In Good Standing

CONTACT

217 South Salina Street, Syracuse, NY 13202

Aaron Daniel Frishman

Trusts, Estate, Elder Law, Civil & Human Rights, Estate Planning

Status: In Good Standing

CONTACT

110 W Fayette St, Syracuse, NY 13202

Thomas Bezigian

Trusts, Business

Status: In Good Standing

CONTACT

217 South Salina Street, Syracuse, NY 13202

Alexander Michael De Croce

International Tax, Trusts, Elder Law, Corporate, Entertainment

Status: In Good Standing Licensed: 37 Years

CONTACT

621 W Genesee St, Syracuse, NY 13204

Eric Midthun Brooks

Family Law, Trusts, Criminal

Status: In Good Standing Licensed: 12 Years

CONTACT

551 Franklin Park Dr East, East Syracuse, NY 13057

Shelly L. Di Benedetto

Real Estate, Trusts, Elder Law, Corporate

Status: In Good Standing Licensed: 28 Years

CONTACT

500 Plum St, Syracuse, NY 13204

800-923-0641

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LEGAL TERMS

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

DEVISEE

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

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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.

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.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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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Mallory Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Harvey Robert Lasner

Jaime Rose

John S. King

Aaron Daniel Frishman

Frank J. Vavonese

Aaron Daniel Frishman

Thomas Bezigian

Alexander Michael De Croce

Eric Midthun Brooks

Shelly L. Di Benedetto

TIPS

LEGAL TERMS

ENDOWMENT INSURANCE

DEVISEE

AB TRUST

HOLOGRAPHIC WILL

INHERIT

LAPSE

NONPROBATE

SUMMARY PROBATE

HEIR AT LAW

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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