Phoenix 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.
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Includes: Gift Taxation

Jason L. Cassidy

Criminal, Estate Planning, Family Law, Litigation, Workers' Compensation

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3300 Vickery Road, Syracuse, NY 13212

David L Delvecchio

Bankruptcy, Contract, Estate Planning, Family Law

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109 South Warren Street, Syracuse, NY 13202

Michael J. Ranieri

Animal Bite, Criminal, DUI-DWI, Estate Planning

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407 South Warren Street, Syracuse, NY 13202

Derek T. Shepard

Social Security, Estate Planning, Family Law, Elder Law

Status: Licensed: 12 Years

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44 Oswego St, Baldwinsville, NY 13027

Karin Sloan Delaney

Real Estate, Estate Planning, Estate, Elder Law

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8 River St, Baldwinsville, NY 13027

Haley Rae Decarlo

Real Estate, Traffic, Estate Planning, Business

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159 Dwight Park Cir, Syracuse, NY 13209

Robert H. Gale

Corporate Tax, Tax, Gift Taxation, Divorce, DUI-DWI

Status: Licensed: 47 Years

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211 N Main St, Syracuse, NY 13212

Alan John Willmes

Traffic, Nursing Home, Estate Planning, Transactions

Status: Licensed: 33 Years

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119 Church St, Syracuse, NY 13212

Daniel G. Cantone

Federal Appellate Practice, Estate Planning, Collaborative Law, Family Law

Status: Licensed: 43 Years

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5426 W Genesee St, Camillus, NY 13031

Terri Conti York

Real Estate, Wills & Probate, Estate Planning, Elder Law

Status: Licensed: 37 Years

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3 Henry Beach Drive, Camillus, NY 13031

800-923-0641

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LEGAL TERMS

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

NET ESTATE

The value of all property owned at death less liabilities or debts.

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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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Phoenix Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jason L. Cassidy

David L Delvecchio

Michael J. Ranieri

Derek T. Shepard

Karin Sloan Delaney

Haley Rae Decarlo

Robert H. Gale

Alan John Willmes

Daniel G. Cantone

Terri Conti York

TIPS

LEGAL TERMS

LIVING TRUST

NET ESTATE

PETITION

SUCCESSION

INTESTATE

PROBATE

REMAINDERMAN

ENDOWMENT INSURANCE

AUGMENTED ESTATE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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