East Concord Estate Planning Lawyer, New York

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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
Chicago Bankruptcy Lawyer

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
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Includes: Gift Taxation

William J Kita

Estate Planning, Family Law, Insurance, Litigation

Status: In Good Standing

CONTACT

2150 Main Place Tower, 350 Main Street, Buffalo, NY 14202

Norman J. Mattar

Estate Planning, Personal Injury, Medical Malpractice, Car Accident

Status: In Good Standing

FREE CONSULTATION

CONTACT

8604 Main Street, Buffalo, NY 14221

Francis Robert Vavonese

Estate Planning, Nursing Home, Power of Attorney, Trusts

Status: In Good Standing Licensed: 19 Years

CONTACT

15 Greenwood Drive, Orchard Park, NY 14127

Edward Andrew Pace

Housing & Urban Development, Estate Planning, Criminal, Civil & Human Rights

Status: In Good Standing Licensed: 47 Years

CONTACT

4513 S Buffalo St, Orchard Park, NY 14127

George Russell Blair

Litigation, Municipal, Estate Planning, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

681 Main St, East Aurora, NY 14052

Jay William Ricketts

Commercial Real Estate, Estate Planning, Family Law, Child Custody

Status: In Good Standing Licensed: 53 Years

CONTACT

321 Rolling Green Ln, Elma, NY 14059

Justin Lee Jablonski

General Practice

Status: In Good Standing

CONTACT

2901 S Park Ave, Buffalo, NY 14218

Kelly V. Zarcone

Estate Administration, Estate Planning, Family Law, Divorce & Family Law, Elder Law

Status: In Good Standing Licensed: 27 Years

CONTACT

3099 William Street, Buffalo, NY 14227

Linda Grear

Estate Planning, Wills

Status: In Good Standing

CONTACT

43 Central Avenue, Lancaster, NY 14086

Richard S. Binko

Immigration, Estate Planning

Status: In Good Standing Licensed: 42 Years

CONTACT

2427 William St, Buffalo, NY 14206

800-923-0641

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LEGAL TERMS

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

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.

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.'

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

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.

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.'

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

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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East Concord Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

William J Kita

Norman J. Mattar

Francis Robert Vavonese

Edward Andrew Pace

George Russell Blair

Jay William Ricketts

Justin Lee Jablonski

Kelly V. Zarcone

Linda Grear

Richard S. Binko

TIPS

LEGAL TERMS

PERSONAL PROPERTY

SPRINKLING TRUST

LIVING TRUST

ADMINISTRATRIX

GROSS ESTATE

TRUST CORPUS

PUBLISHED WORK

BYPASS TRUST

PER CAPITA

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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