Rock City Falls Estate Planning Lawyer, New York

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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

Ann M. Sharpe

Health Care Other, Estate Planning, Elder Law, Corporate

Status: In Good Standing

CONTACT

990 State Route 67, Ballston Lake, NY 12020

Anthony P. Adang

Commercial Real Estate, Real Estate, Lawsuit & Dispute, Estate Planning

Status: In Good Standing Licensed: 52 Years

CONTACT

340 Broadway, Saratoga Springs, NY 12866

Francie L. Novar

Landlord-Tenant, Estate Planning, Estate, Family Law

Status: In Good Standing Licensed: 21 Years

CONTACT

Saratoga Springs, NY 12866

George B. Burke

Wills & Probate, Workers' Compensation, Estate Planning, Real Estate, Accident & Injury

Status: In Good Standing Licensed: 33 Years

CONTACT

2534 Rte 9, Ballston Lake, NY 12020

John L. McMahon

Litigation, Estate Planning, Family Law, Criminal

Status: In Good Standing Licensed: 69 Years

CONTACT

Saratoga Springs, NY 12866

Michele Leonra Anderson

Commercial Real Estate, Real Estate, Estate Planning, Business

Status: In Good Standing Licensed: 28 Years

CONTACT

48 Union Ave, Saratoga Springs, NY 12866

Peter L. Coseo

Estate Planning, Estate, Workers' Compensation, Personal Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

Saratoga Springs, NY 12866

Robert May

Tax, Science, Technology & Internet, Trusts, Non-profit, Estate Planning

Status: In Good Standing Licensed: 41 Years

CONTACT

10 Railroad Place, Saratoga Springs, NY 12866

Walter Murdock Stroup

Litigation, Commercial Real Estate, Estate Planning, Federal Trial Practice

Status: Inactive Licensed: 66 Years

CONTACT

494 Broadway, Saratoga Springs, NY 12866

800-923-0641

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LEGAL TERMS

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

TRUSTEE POWERS

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

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.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

TITLE COMPANY

A company that issues title insurance.

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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Rock City Falls Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ann M. Sharpe

Anthony P. Adang

Francie L. Novar

George B. Burke

John L. McMahon

Michele Leonra Anderson

Peter L. Coseo

Robert May

Walter Murdock Stroup

TIPS

LEGAL TERMS

SURVIVING SPOUSE'S TRUST

ADMINISTRATION (OF AN ESTATE)

RESIDUARY ESTATE

TRUSTEE POWERS

SPECIFIC BEQUEST

CHARITABLE TRUST

DEATH TAXES

PROBATE COURT

TITLE COMPANY

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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