Woodhaven 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

Stephen J. Singer

Criminal, Estate Planning, Family Law, Real Estate

Status: In Good Standing

CONTACT

125-10 Queens Blvd, Kew Gardens, NY 11415

Sidney G Sparrow

Criminal, Estate Planning, Family Law, Real Estate

Status: In Good Standing

CONTACT

125-10 Queens Blvd, Kew Gardens, NY 11415

M. Joseph Levin

Wills & Probate, Elder Law, Estate Planning, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

8626 Queens Boulevard, Elmhurst, NY 11373

Lawrence J. Gross

Real Estate, Litigation, Estate Planning, Elder Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

8626 Queens Boulevard, Elmhurst, NY 11373

Lynn Sirotkin

Residential Real Estate, Commercial Real Estate, Real Estate, Estate Planning

Status: In Good Standing Licensed: 42 Years

CONTACT

8002 Kew Gardens Rd, Kew Gardens, NY 11415

Lawrence James Gross

Real Estate, Litigation, Estate Planning, Elder Law

Status: In Good Standing Licensed: 62 Years

CONTACT

8626 Queens Blvd, Elmhurst, NY 11373

Kenneth J Schreiber

Real Estate, Estate Planning, Family Law, Criminal

Status: In Good Standing Licensed: 59 Years

CONTACT

12510 Queens Blvd, Kew Gardens, NY 11415

Bertram Gezelter

Income Tax, Elder Law, Estate Planning, Real Estate

Status: In Good Standing

CONTACT

163-10 Northern Boulevard, Flushing, NY 11358

Ann Margaret Carrozza

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

Status: In Good Standing Licensed: 28 Years

CONTACT

21338 40th Ave, Bayside, NY 11361

Jerome Plotner

Commercial Real Estate, Wills, Trusts, Estate Planning

Status: In Good Standing Licensed: 72 Years

CONTACT

14709 88Th Ave, Jamaica, NY 11435

800-923-0641

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LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

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.

TITLE COMPANY

A company that issues title insurance.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

DEVISEE

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

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.'

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.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

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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Woodhaven Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Stephen J. Singer

Sidney G Sparrow

M. Joseph Levin

Lawrence J. Gross

Lynn Sirotkin

Lawrence James Gross

Kenneth J Schreiber

Bertram Gezelter

Ann Margaret Carrozza

Jerome Plotner

TIPS

LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

ADEMPTION

TITLE COMPANY

TRUSTEE POWERS

PETITION

DEVISEE

LIVING TRUST

ENTITY

EXEMPTION TRUST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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