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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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Includes: Gift Taxation

Cormac McEnery

Wills & Probate, Government Agencies, Elder Law, Estate Planning

Status: In Good Standing Licensed: 46 Years

CONTACT

562 City Island Ave, Bronx, NY 10464

Dennis T. Doyle

Real Estate, Estate Planning, Family Law, Personal Injury

Status: In Good Standing Licensed: 56 Years

CONTACT

1 Barker Ave, White Plains, NY 10601

Michael Camporeale

Estate Planning, Family Law, Elder Law

Status: In Good Standing

CONTACT

1600 Harrison Avenue, Mamaroneck, NY 10543

Robert C. Ollman

Real Estate, Estate Planning, Family Law, Personal Injury

Status: In Good Standing Licensed: 54 Years

CONTACT

145 Huguenot St, New Rochelle, NY 10801

John S. Kommer

Litigation, Estate Planning, Family Law, Personal Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

145 Huguenot St, New Rochelle, NY 10801

Marianne L. Sussman

Commercial Real Estate, Litigation, Estate Planning, Guardianships & Conservatorships

Status: Retired Licensed: 45 Years

CONTACT

222 Bloomingdale Rd, White Plains, NY 10605

David I. Grauer

Real Estate, Litigation, Government, Estate Planning

Status: In Good Standing Licensed: 48 Years

CONTACT

50 Main St, White Plains, NY 10606

Jonathan Samuel Klein

Contract, Criminal, DUI-DWI, Estate Planning

Status: In Good Standing Licensed: 31 Years

CONTACT

700 White Plains Road, Scarsdale, NY 10583

Corey B. Rabin

Real Estate, Estate Planning

Status: In Good Standing

CONTACT

44 Church St, White Plains, NY 10601

Anthony J. Enea

Nursing Home, Estate Planning, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

CONTACT

245 Main Street, White Plains, NY 10601

800-923-0641

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LEGAL TERMS

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

SECONDARY MEANING

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use ... (more...)

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use and exposure in the marketplace. For example, though first names are not generally considered inherently distinctive, Ben & Jerry's Ice Cream has become so well known that it is now entitled to maximum trademark protection.

SURROGATE COURT

See probate court.

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.

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.'

DEVISEE

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

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

TRUSTEE POWERS

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

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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Yonkers Estate Planning Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Cormac McEnery

Dennis T. Doyle

Michael Camporeale

Robert C. Ollman

John S. Kommer

Marianne L. Sussman

David I. Grauer

Jonathan Samuel Klein

Corey B. Rabin

Anthony J. Enea

TIPS

LEGAL TERMS

INHERITANCE TAXES

TRUST MERGER

SECONDARY MEANING

SURROGATE COURT

AB TRUST

LIVING TRUST

DEVISEE

TESTAMENTARY TRUST

TRUSTEE POWERS

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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