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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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Daniel James Cronin

Lawsuit & Dispute, Trusts

Status: In Good Standing Licensed: 51 Years

CONTACT

1353 Stony Brook Rd, Stony Brook, NY 11790

Doris Gretchen Rompf

Intellectual Property, Trusts, Family Law, Adoption

Status: In Good Standing Licensed: 34 Years

CONTACT

21 Innis Ave, Ronkonkoma, NY 11779

Laura E. Johnson

Trusts, Elder Law, Corporate, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

6 S Jersey Ave, East Setauket, NY 11733

Laura Elizabeth Johnson

Trusts, Elder Law, Corporate, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

6 S Jersey Ave, East Setauket, NY 11733

Robin Burner Daleo

Medicare & Medicaid, Trusts, Elder Law, Personal Injury

Status: In Good Standing

CONTACT

12 Research Way, East Setauket, NY 11733

Janna Pearl Visconti

Estate, Divorce & Family Law, Civil & Human Rights, Trusts

Status: In Good Standing

CONTACT

162 Terry Rd, Smithtown, NY 11787

Catherine Taylor

Trusts

Status: In Good Standing

CONTACT

Islandia, NY 11749

Laura Regina Blasberg

Tax, Trusts

Status: In Good Standing

CONTACT

29 Woodfield Rd, Stony Brook, NY 11790

Keith Harold Weidman

DUI-DWI, Estate Planning, Trusts, Criminal, Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

900 Old Nichols Rd, Islandia, NY 11749

Keith Weidman

DUI-DWI, Estate Planning, Trusts, Criminal, Estate

Status: In Good Standing

CONTACT

900 Old Nichols Rd, Islandia, NY 11749

800-923-0641

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LEGAL TERMS

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

TITLE COMPANY

A company that issues title insurance.

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.'

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.

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.

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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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Centereach Trusts Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Daniel James Cronin

Doris Gretchen Rompf

Laura E. Johnson

Laura Elizabeth Johnson

Robin Burner Daleo

Janna Pearl Visconti

Catherine Taylor

Laura Regina Blasberg

Keith Harold Weidman

Keith Weidman

TIPS

LEGAL TERMS

PROBATE

TITLE COMPANY

BEQUEATH

AB TRUST

INHERITANCE TAXES

EXEMPTION TRUST

SUCCESSOR TRUSTEE

RULE AGAINST PERPETUITIES

RESIDUARY BENEFICIARY

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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