Nelliston 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
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Includes: Gift Taxation

Timothy F Wilkens

Real Estate, Estate Planning, Environmental Law, Family Law

Status:

FREE CONSULTATION

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215 State Street, Schenectady, NY 12301

Gerard J. Snyder

Real Estate, Estate Planning, Estate, Elder Law

Status: Licensed: 43 Years

CONTACT

Dolgeville, NY 13329

Rudolph William Sohl

Internet, Divorce, Criminal, Business, Estate Planning

Status: Licensed: 8 Years

CONTACT

3 Brentwood Ave, Gloversville, NY 12078

Christopher John Dodd

International, Gift Taxation, Public Finance, Securities, Banking & Finance

Status: Licensed: 23 Years

CONTACT

1414 State Highway 5-S, Amsterdam, NY 12010

Jeffrey N. Rheinhardt

Medicare & Medicaid, Wills & Probate, Estate Planning, Elder Law, Personal Injury

Status: Licensed: 43 Years

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85 Otsego Street, Ilion, NY 13357

Robert Weeden Applegate

Commercial Real Estate, Estate Planning, Municipal, Private Schools

Status: Licensed: 45 Years

CONTACT

38 Morgan St, Ilion, NY 13357

Timothy Johnson

Landlord-Tenant, Elder Law, Estate Planning, Business

Status:

CONTACT

203 Main Street, Cooperstown, NY 13326

Ryan Frederick Coutlee

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

Status: Licensed: 22 Years

CONTACT

189 Cemetery Road, Fly Creek, NY 13337

Peter W. Hobaica

Estate Planning, Criminal, Bankruptcy, Personal Injury, Medical Malpractice

Status: Licensed: 40 Years

CONTACT

2045 Genesee St, Utica, NY 13501

Carl S. Dziekan

International Tax, Estate Planning, Estate, Business

Status: Licensed: 39 Years

CONTACT

408 Lomond Pl, Utica, NY 13502

800-814-6700

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LEGAL TERMS

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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.

PREDECEASED SPOUSE

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

TITLE COMPANY

A company that issues title insurance.

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.'

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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.

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.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

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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Nelliston Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Timothy F Wilkens

Gerard J. Snyder

Rudolph William Sohl

Christopher John Dodd

Jeffrey N. Rheinhardt

Robert Weeden Applegate

Timothy Johnson

Ryan Frederick Coutlee

Peter W. Hobaica

Carl S. Dziekan

TIPS

LEGAL TERMS

HOLOGRAPHIC WILL

GROSS ESTATE

PREDECEASED SPOUSE

TITLE COMPANY

PRETERMITTED HEIR

TRUSTEE POWERS

INHERIT

GENERATION-SKIPPING TRANSFER TAX

BANKRUPTCY ESTATE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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