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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
Bankruptcy, Chapter 7, Chapter 13
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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
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Alan John Pope

Landlord-Tenant, Estate, Wrongful Termination, Divorce

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99 Corporate Dr, Binghamton, NY 13904

Alexandra Norton Sullivan

Residential Real Estate, Wills, Trusts, Commercial Bankruptcy

Status: Licensed: 9 Years

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80 Exchange St, Binghamton, NY 13901

Angelina Cutrona

Landlord-Tenant, Trusts, Employee Rights, Divorce, Bankruptcy

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46 Front St, Binghamton, NY 13905

Beth E. Westfall

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

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Binghamton, NY 13902

Catherine Rose Faughnan

Contract, Family Law, Trusts, Commercial Real Estate

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12 Ardsley Rd, Binghamton, NY 13904

Cynthia Ann K. Manchester

Accident & Injury, Estate, Elder Law

Status: Licensed: 33 Years

FREE CONSULTATION

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450 Plaza Drive, Vestal, NY 13850

Dianne Oakes

Government, Estate, Civil & Human Rights

Status: Licensed: 30 Years

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813 Taylor Dr, Vestal, NY 13850

Dwight R. Ball

Real Estate, Estate, Business

Status: Licensed: 65 Years

CONTACT

80 Exchange St, Binghamton, NY 13902

Dwight Richard Ball

Real Estate, Estate, Business

Status: Licensed: 65 Years

CONTACT

80 Exchange St, Binghamton, NY 13902

Eugene Eliot Peckham

International, Estate, Civil Rights, Civil & Human Rights

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1 Stonecrest Dr, Binghamton, NY 13903

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.

IRREVOCABLE TRUST

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

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

FUNDING A TRUST

Transferring ownership of property to a trust.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

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.

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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Corbettsville Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alan John Pope

Alexandra Norton Sullivan

Angelina Cutrona

Beth E. Westfall

Catherine Rose Faughnan

Cynthia Ann K. Manchester

Dianne Oakes

Dwight R. Ball

Dwight Richard Ball

Eugene Eliot Peckham

TIPS

LEGAL TERMS

LIFE BENEFICIARY

IRREVOCABLE TRUST

ESTATE TAXES

INTER VIVOS TRUST

TRUST CORPUS

FUNDING A TRUST

GROSS ESTATE

SWEARING MATCH

ALTERNATE BENEFICIARY

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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