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Abraham Michelson
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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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Melvin W. Wolff

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 63 Years

CONTACT

27110 Grand Central Pkwy, Floral Park, NY 11005

Samildre R. Perez

Real Estate, Wills, Estate Planning, Divorce & Family Law

Status: In Good Standing Licensed: 28 Years

CONTACT

122 Plainfield Avenue, Floral Park, NY 11001

Lori R. Somekh

Elder Law, Medicare & Medicaid, Power of Attorney, Estate, Real Estate Other

Status: In Good Standing

CONTACT

247-67 Jericho Turnpike, Bellerose, NY 11426

Gregory Dale Abram

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 38 Years

CONTACT

24912 Jericho Tpke, Floral Park, NY 11001

Donna M. Jaronczyk

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 27 Years

CONTACT

1001 N 6Th St, New Hyde Park, NY 11040

Ronald Joseph Schwartz

Education, Trusts, Elder Law, Civil & Human Rights

Status: In Good Standing Licensed: 61 Years

CONTACT

24616 Union Tpke, Bellerose, NY 11426

John Paul Volpe

Real Estate, Government, Estate, Criminal

Status: In Good Standing Licensed: 12 Years

CONTACT

24616 Union Tpke, Bellerose, NY 11426

Sean Patrick Constable

Lawsuit & Dispute, Estate, Civil & Human Rights, Accident & Injury

Status: In Good Standing Licensed: 27 Years

CONTACT

103 Verbena Avenue, Floral Park, NY 11001

Maria Scorcia Myrick

Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

62 Argyle Rd, Garden City, NY 11530

Michael Davidov

Trusts, Estate Planning, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 19 Years

CONTACT

1981 Marcus Ave, Great Neck, NY 11042

800-923-0641

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LEGAL TERMS

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

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.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

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.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

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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Floral Park Estate Lawyer, New York, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Melvin W. Wolff

Samildre R. Perez

Lori R. Somekh

Gregory Dale Abram

Donna M. Jaronczyk

Ronald Joseph Schwartz

John Paul Volpe

Sean Patrick Constable

Maria Scorcia Myrick

Michael Davidov

TIPS

LEGAL TERMS

TRUST DEED

PRETERMITTED HEIR

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

NONPROBATE

ACCUMULATION TRUST

GENERATION-SKIPPING TRANSFER TAX

GRANTOR

SPRINKLING TRUST

REMAINDERMAN

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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