Scarsdale 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.
3. Practice AreasServices
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Includes: Gift Taxation

Patricia G. Micek

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

2180 Boston Post Road, Larchmont, NY 10538

William Maker

Estate Planning, Land Use & Zoning, Wills, Trusts

Status: In Good Standing

FREE CONSULTATION

CONTACT

2180 Boston Post Road, Larchmont, NY 10538

Adam L. Scharf

Criminal, Estate Planning, Family Law, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

1025 Westchester Avenue, West Harrison, NY 10604

Anthony L. Zanazzi

Real Estate, Wills & Probate, Estate Planning, Corporate

Status: In Good Standing

CONTACT

235 Main Street, White Plains, NY 10601

Lauren McCallion

Gift Taxation, Estate Administration, Estate Planning

Status: In Good Standing

CONTACT

909 Midland Avenue, Yonkers, NY 10704

Louis J Maggiotto

Estate Planning, Employment, Corporate, Antitrust

Status: In Good Standing Licensed: 51 Years

CONTACT

111 Kraft Ave, Bronxville, NY 10708

Robert Bruce Miller

Commercial Real Estate, Mass Torts, Health Care, Estate Planning, Medical Malpractice

Status: Inactive Licensed: 48 Years

CONTACT

4 Tree Top Ln, Dobbs Ferry, NY 10522

Wayne R. Martell

Corporate Tax, Tax, Gift Taxation, Business

Status: In Good Standing Licensed: 53 Years

CONTACT

5 Old Rd, Elmsford, NY 10523

Michael J. Amoroso

Corporate, Estate Planning, Elder Law, Contract

Status: In Good Standing

CONTACT

500 Mamaroneck Ave, Harrison, NY 10528

Edward Steven Saviano

Income Tax, Corporate Tax, Tax, Gift Taxation

Status: In Good Standing Licensed: 46 Years

CONTACT

74 Fenimore Dr, Harrison, NY 10528

800-923-0641

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LEGAL TERMS

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.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

TITLE COMPANY

A company that issues title insurance.

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.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

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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Scarsdale Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Patricia G. Micek

William Maker

Adam L. Scharf

Anthony L. Zanazzi

Lauren McCallion

Louis J Maggiotto

Robert Bruce Miller

Wayne R. Martell

Michael J. Amoroso

Edward Steven Saviano

TIPS

LEGAL TERMS

ADMINISTRATION (OF AN ESTATE)

EXECUTOR

TITLE COMPANY

INTESTATE

GENERATION-SKIPPING TRUST

ALTERNATE BENEFICIARY

GRANTOR RETAINED INCOME TRUST

SWEARING MATCH

RULE AGAINST PERPETUITIES

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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