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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
Bankruptcy, Chapter 7, Chapter 13
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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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James M. Hayes

Elder Law, Non-profit, Estate, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

John R. Bedosky

Estate, Wills & Probate, Trusts, Elder Law, Non-profit

Status: In Good Standing

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

John C. Rosekrans

Wills & Probate, Trusts, Estate, Real Estate, Tax

Status: In Good Standing

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

Jon Jeffrey Sarra

Estate, Banking & Finance, Real Estate, Elder Law, Energy

Status: In Good Standing

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

Joshua Mark Luce

Estate, Employment, Divorce & Family Law

Status: In Good Standing Licensed: 17 Years

CONTACT

2 Court St, Binghamton, NY 13901

Joshua Tyson Terrell

Power of Attorney, Traffic, Estate Planning, Personal Injury, Car Accident

Status: In Good Standing Licensed: 20 Years

CONTACT

60 Hawley St, Binghamton, NY 13902

Marina Resciniti

Estate, Litigation

Status: In Good Standing

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

Martin Joseph Kane

Elder Law, Guardianships & Conservatorships, Estate, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

Maureen Anne Mangan

Real Estate, Business, Estate, Wills & Probate, Securities

Status: In Good Standing Licensed: 24 Years

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

Meiying Zhong Austin

Commercial Real Estate, Real Estate, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 20 Years

CONTACT

Binghamton, NY 13902

800-923-0641

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LEGAL TERMS

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

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.

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.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

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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Oxford Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James M. Hayes

John R. Bedosky

John C. Rosekrans

Jon Jeffrey Sarra

Joshua Mark Luce

Joshua Tyson Terrell

Marina Resciniti

Martin Joseph Kane

Maureen Anne Mangan

Meiying Zhong Austin

TIPS

LEGAL TERMS

EXEMPTION TRUST

DISCHARGE (OF PROBATE ADMINISTRATOR)

ACCUMULATION TRUST

PERSONAL PROPERTY

KINDRED

RESIDUARY BENEFICIARY

DISINHERIT

BYPASS TRUST

TRUST MERGER

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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