Richmond County, NY Estate Lawyers, page 3

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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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Vincent J. Scamardella

Estate Planning, Workers' Compensation, Elder Law, Personal Injury

Status: Licensed: 14 Years

CONTACT

60 Bay Street, Staten Island, NY 10301

David A. Pascarella

Estate Planning, Federal Appellate Practice, Wills

Status: Licensed: 25 Years

CONTACT

26 Central Ave, Staten Island, NY 10301

Anthony J. Tucci

Corporate Tax, Gift Taxation, Tax

Status: Licensed: 34 Years

CONTACT

575 Midland Ave, Staten Island, NY 10306

Anthony E. Wierzbowski

Estate Planning, Wills & Probate, Residential Real Estate

Status: Licensed: 36 Years

CONTACT

246 Garretson Ave, Staten Island, NY 10305

Steven Foster Zuntag

Criminal, Real Estate, Family Law, Estate Planning

Status: Licensed: 51 Years

CONTACT

1688 Victory Blvd, Staten Island, NY 10314

Modesto L. Balahadia

Divorce & Family Law, Estate, Immigration, Real Estate

Status: Licensed: 44 Years

CONTACT

552 Tompkins Ave, Staten Island, NY 10305

Steven R. Calcagno

Traffic, Real Estate, Trusts

Status: Licensed: 37 Years

CONTACT

1272 Richmond Rd, Staten Island, NY 10304

Michela G. Paradiso

Wills & Probate, Wills

Status: Licensed: 59 Years

CONTACT

33 Decker Ave, Staten Island, NY 10302

Stanley Arthur Applebaum

Divorce & Family Law, Commercial Real Estate, Estate Planning, Family Law

Status: Licensed: 65 Years

CONTACT

260 Christopher Ln, Staten Island, NY 10314

Lana Sukhman

Car Accident, Divorce, Wills & Probate, Health Care Other

Status:

CONTACT

586B Midland Avenue, Staten Island, NY 10306

800-923-0641

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LEGAL TERMS

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.

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.

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.

TRUSTEE POWERS

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

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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.

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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Richmond County, NY Estate Lawyers, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Vincent J. Scamardella

David A. Pascarella

Anthony J. Tucci

Anthony E. Wierzbowski

Steven Foster Zuntag

Modesto L. Balahadia

Steven R. Calcagno

Michela G. Paradiso

Stanley Arthur Applebaum

Lana Sukhman

TIPS

LEGAL TERMS

REMAINDERMAN

INTESTATE SUCCESSION

GENERATION-SKIPPING TRANSFER TAX

TRUSTEE POWERS

HEIR AT LAW

CERTIFIED COPY

PER CAPITA

ABATEMENT

SUCCESSION

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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