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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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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Includes: Gift Taxation

Steve R. Graber

Real Estate, Trusts, Estate Planning, Business Organization

Status: In Good Standing Licensed: 26 Years

CONTACT

575 Lexington Ave, New York, NY 10022

Joseph A. Materna

Estate Planning, Wills & Probate, Trusts, Commercial Real Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

40 Wall St, New York, NY 10005

William L. Blum

International, Trusts, Estate Planning, Business Organization

Status: In Good Standing Licensed: 47 Years

CONTACT

40 Wall St, New York, NY 10005

Leonard B. Nathanson

Real Estate, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 55 Years

CONTACT

875 3Rd Ave, New York, NY 10022

Barbara T. R. Zimet

Estate Planning, Employment, Contract, Business Organization

Status: In Good Standing Licensed: 50 Years

CONTACT

115 E 86Th St, New York, NY 10028

Donald G. Koch

Wills & Probate, Bankruptcy, Trusts, Estate Planning

Status: In Good Standing Licensed: 53 Years

CONTACT

26 Broadway, New York, NY 10004

John C Lankenau

Status: In Good Standing

CONTACT

1775 Broadway Ave, New York, NY 10019

Andrea Lowenthal

Elder Law, Estate Planning, Guardianships & Conservatorships, Mental Health

Status: In Good Standing Licensed: 36 Years

CONTACT

277 Park Ave, New York, NY 10172

Avron I. Brog

Tax, Trusts, Estate Planning, Business Organization

Status: In Good Standing Licensed: 62 Years

CONTACT

875 3Rd Ave, New York, NY 10022

Seth Milbauer

Real Estate, Trusts, Estate Planning, Family Law

Status: In Good Standing Licensed: 32 Years

CONTACT

1825 Park Ave, New York, NY 10035

800-923-0641

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LEGAL TERMS

INTER VIVOS TRUST

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

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

CERTIFICATION OF TRUST

See abstract of trust.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

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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New York Estate Planning Lawyer, New York, page 7

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steve R. Graber

Joseph A. Materna

William L. Blum

Leonard B. Nathanson

Barbara T. R. Zimet

Donald G. Koch

John C Lankenau

Andrea Lowenthal

Avron I. Brog

Seth Milbauer

TIPS

LEGAL TERMS

INTER VIVOS TRUST

TESTAMENTARY TRUST

INTESTATE SUCCESSION

CERTIFICATION OF TRUST

STATUTORY SHARE

SPECIFIC BEQUEST

FAILURE OF ISSUE

POWER OF APPOINTMENT

PROVING A WILL

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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