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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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John Belesi

Family Law, Antitrust, Estate Planning, Real Estate

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1111 Marcus Avenue, New Hyde Park, NY 11042

Bruce A. Blakeman

Banking & Finance, Estate Planning, Family Law, Real Estate

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1111 Marcus Avenue, New Hyde Park, NY 11042

Robert Abrams

Trusts, Estate Planning, Estate, Elder Law

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1111 Marcus Avenue, New Hyde Park, NY 11042

Claudio A. De Vellis

Business Successions, Gift Taxation, Estate Planning, Tax

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1111 Marcus Avenue, New Hyde Park, NY 11042

Dorothy J. Santos

Bankruptcy, Estate Administration, Estate Planning

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1111 Marcus Avenue, New Hyde Park, NY 11042

Elihu I. Rose

Income Tax, Estate Administration, Gift Taxation, Estate Planning

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1983 Marcus Avenue, New Hyde Park, NY 11042

Jasleen Kaur Anand

Dispute Resolution, Banking & Finance, Estate Administration, Estate Planning

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500 Old Country Road, Garden City, NY 11530

Arfa Mahmud

Estate Planning, Trusts

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1010 Northern Blvd., Great Neck, NY 11021

Massimo A. Santoli

International, Trusts, Estate Planning, Estate

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1010 Northern Blvd., Great Neck, NY 11021

Michael A. Cohen

Power of Attorney, Real Estate Other, Estate, Domestic Violence & Neglect, Divorce & Family Law

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400 Garden City Plaza, Garden City, NY 11530

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LEGAL TERMS

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

CREDIT SHELTER TRUST

See AB trust.

CERTIFICATION OF TRUST

See abstract of trust.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

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.

GRANTOR

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

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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Mineola Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Belesi

Bruce A. Blakeman

Robert Abrams

Claudio A. De Vellis

Dorothy J. Santos

Elihu I. Rose

Jasleen Kaur Anand

Arfa Mahmud

Massimo A. Santoli

Michael A. Cohen

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LEGAL TERMS

POWER OF APPOINTMENT

GROSS ESTATE

CERTIFIED COPY

CREDIT SHELTER TRUST

CERTIFICATION OF TRUST

RESIDUARY ESTATE

PREDECEASED SPOUSE

BYPASS TRUST

GRANTOR

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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