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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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Dennis J O'Connor

Estate, Wills & Probate, Trusts, Medicare & Medicaid

Status: In Good Standing

CONTACT

288 Glen Street, Glens Falls, NY 12801

Theresa Marinello Ries

Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

930 Albany Shaker Road, Latham, NY 12110

Jennifer J. Corcoran

Trusts, Litigation, Elder Law, Employment Discrimination

Status: In Good Standing

CONTACT

441 New Karner Rd, Albany, NY 12205

Garrison Powers Ramsdell

Real Estate, Trusts, Corporate

Status: In Good Standing Licensed: 9 Years

CONTACT

1 Columbia Cir, Albany, NY 12203

Trevor James Johnson

Estate Administration, Trusts

Status: In Good Standing Licensed: 8 Years

CONTACT

677 Broadway, Albany, NY 12207

Meaghan Teresa Lambert

Litigation, Wills, Trusts

Status: In Good Standing

CONTACT

677 Broadway, Albany, NY 12207

Geoffrey Alexander Rafalik

Medicare & Medicaid, Trusts, Estate Planning, Corporate

Status: In Good Standing Licensed: 8 Years

CONTACT

20 Corporate Woods Blvd, Albany, NY 12211

Robert W Jones

Trusts, Estate

Status: In Good Standing Licensed: 51 Years

CONTACT

150 State St, Albany, NY 12207

Kathleen A. Dipola

Housing & Urban Development, Trusts, Divorce, Adoption

Status: In Good Standing

CONTACT

1 Marcus Blvd, Albany, NY 12205

Patrick Sorsby

Traffic, Immigration, Trusts, Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

1568 Central Ave, Albany, NY 12205

800-923-0641

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LEGAL TERMS

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.

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.'

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

SURROGATE COURT

See probate court.

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.

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.

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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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Northville Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Dennis J O'Connor

Theresa Marinello Ries

Jennifer J. Corcoran

Garrison Powers Ramsdell

Trevor James Johnson

Meaghan Teresa Lambert

Geoffrey Alexander Rafalik

Robert W Jones

Kathleen A. Dipola

Patrick Sorsby

TIPS

LEGAL TERMS

PERSONAL PROPERTY

CREDIT SHELTER TRUST

LIVING TRUST

INTESTATE

SURROGATE COURT

HOLOGRAPHIC WILL

GENERATION-SKIPPING TRUST

SPRINKLING TRUST

ESTATE TAXES

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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