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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
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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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David Van Benschoten

Elder Law, Estate Planning, Health Care, Wills & Probate

Status: In Good Standing

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34 West Bridge Street, Saugerties, NY 12477

David A Roach

Real Estate, Trusts, Estate Planning, Personal Injury

Status: In Good Standing

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115 Green Street, Kingston, NY 12401

Jacqueline L Heubach

Social Security -- Disability, State and Local, Estate Planning, Workers' Compensation

Status: In Good Standing

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115 Green Street, Kingston, NY 12401

Robert J. White

Wills & Probate, Criminal, Personal Injury, Accident & Injury

Status: Retired

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Cornwallville, NY 12418

Albert Charles Hrdlicka

Real Estate, Estate, Criminal, Accident & Injury

Status: In Good Standing Licensed: 26 Years

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25 Lucas Ave, Kingston, NY 12401

Andrea L. Gamalski

Social Security, Estate, Divorce, Divorce & Family Law

Status: In Good Standing Licensed: 9 Years

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224 Fair Street, Kingston, NY 12402

Andrew Paul Zweben

Real Estate, Estate, Business

Status: In Good Standing Licensed: 52 Years

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197 W Chestnut St, Kingston, NY 12401

Antony Murad Eminowicz

Power of Attorney, Health Care Other, Living Wills, Elder Law

Status: In Good Standing Licensed: 10 Years

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2 Pearl St, Kingston, NY 12401

Ariel Futerfas

Estate, Divorce & Family Law

Status: In Good Standing Licensed: 22 Years

CONTACT

239 Wall St, Kingston, NY 12401

Carl Schwartz Wolfson

Real Estate, Estate, Criminal, Business

Status: In Good Standing Licensed: 60 Years

CONTACT

130 North Front Street, Kingston, NY 12401

800-923-0641

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LEGAL TERMS

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

NET ESTATE

The value of all property owned at death less liabilities or debts.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

TESTAMENTARY TRUST

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

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

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.

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.

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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Chichester Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Van Benschoten

David A Roach

Jacqueline L Heubach

Robert J. White

Albert Charles Hrdlicka

Andrea L. Gamalski

Andrew Paul Zweben

Antony Murad Eminowicz

Ariel Futerfas

Carl Schwartz Wolfson

TIPS

LEGAL TERMS

LIFE BENEFICIARY

INHERIT

NET ESTATE

LETTERS TESTAMENTARY

TESTAMENTARY TRUST

IRREVOCABLE TRUST

ALTERNATE BENEFICIARY

LAPSE

ADEMPTION

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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