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Abraham Michelson
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
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Michelle Lynn Kennedy

State and Local, Environmental Law Other, Employee Rights, Corporate, Estate Planning

Status: In Good Standing Licensed: 21 Years

CONTACT

1 Commerce Plz, Albany, NY 12260

Paul Joseph Buehler

Education, Environmental Law Other, Corporate, Business, Estate Planning

Status: In Good Standing Licensed: 8 Years

CONTACT

1 Commerce Plaza, Albany, NY 12260

Dorothy-Jane Colleen Goldsack Porpeglia

State and Local, Environmental Law Other, Employee Rights, Corporate, Estate Planning

Status: In Good Standing Licensed: 23 Years

CONTACT

1 Commerce Plaza, Albany, NY 12260

Alexandra E. Dobles

Education, Environmental Law Other, Corporate, Business, Estate Planning

Status: In Good Standing

CONTACT

1 Commerce Plz, Albany, NY 12260

Tyler Clark Robbins

Education, Environmental Law Other, Corporate, Business, Estate Planning

Status: In Good Standing

CONTACT

1 Commerce Plz, Albany, NY 12260

Lucy Kats

Estate Planning

Status: In Good Standing

CONTACT

One Commerce Plaza, Albany, NY 12260

Tara Lynn Macneill

Education, Environmental Law Other, Corporate, Business, Estate Planning

Status: In Good Standing Licensed: 9 Years

CONTACT

1 Commerce Plz, Albany, NY 12210

Christine Marie Carletta

Education, Environmental Law Other, Corporate, Business, Estate Planning

Status: In Good Standing Licensed: 9 Years

CONTACT

1 Commerce Plz, Albany, NY 12210

John Leonard Allen

Landlord-Tenant, Lawsuit & Dispute, Wills & Probate, Consumer Rights

Status: In Good Standing

CONTACT

1 Commerce Plaza, Albany, NY 12210

Nicole Susan Green

Estate, Business

Status: In Good Standing

CONTACT

1 Commerce Plaza, Albany, NY 12210

800-923-0641

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LEGAL TERMS

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

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.

TESTAMENTARY TRUST

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

MARITAL LIFE ESTATE TRUST

See AB trust.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

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.

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

In 1986 Markatos Realtors, Inc. (hereinafter Markatos), Rutger's immediate predecessor in interest, along with Brookside Park Properties, Inc., the defendant's predecessor in interest, executed a written indenture providing, among other things, for mutual easements designating 12 ...

Colasacco v. Robert E. Lawrence Real Estate

In October 2002 the defendant Christopher DiCorato, a real estate agent employed by the defendant Robert E. Lawrence Real Estate (hereinafter Lawrence, and hereinafter together the defendants), met with the plaintiffs and showed them a parcel of vacant property that was ...

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

In any event, plaintiff fails, as a matter of law, to demonstrate any injury for which it is entitled to hold defendant sponsors liable. Although the purchase agreement obligated defendant sponsors to provide plaintiff with a building and unit constructed "in a good and workman-like ...

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Albany Estate Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michelle Lynn Kennedy

Paul Joseph Buehler

Dorothy-Jane Colleen Goldsack Porpeglia

Alexandra E. Dobles

Tyler Clark Robbins

Lucy Kats

Tara Lynn Macneill

Christine Marie Carletta

John Leonard Allen

Nicole Susan Green

TIPS

LEGAL TERMS

BEQUEATH

SPRINKLING TRUST

TESTAMENTARY TRUST

MARITAL LIFE ESTATE TRUST

ANCILLARY PROBATE

GENERATION-SKIPPING TRANSFER TAX

AB TRUST

STATUTORY SHARE

LAPSE

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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