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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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Laura G Grossman

Estate Planning, Real Estate, Trusts, Wills

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FREE CONSULTATION

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600 Old Country Road, Room 519, Garden City, NY 11530

James L. Iannone

Real Estate, Litigation, Estate Planning, Criminal

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421 Willis Ave., Williston Park, NY 11596

Jasleen Kaur Anand

Dispute Resolution, Banking & Finance, Estate Administration, Estate Planning

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500 Old Country Road, Garden City, NY 11530

Michael A. Cohen

Power of Attorney, Real Estate Other, Estate, Domestic Violence & Neglect, Divorce & Family Law

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400 Garden City Plaza, Garden City, NY 11530

Jean M. Kestel

Real Estate, Estate, Wills & Probate, Commercial Real Estate

Status: Licensed: 40 Years

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154 Spring Drive, East Meadow, NY 11554

Lois Carter Schlissel

Accident & Injury, Employment, Estate, Lawsuit & Dispute

Status: Licensed: 49 Years

FREE CONSULTATION

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990 Stewart Avenue, Garden City, NY 11530

Lawrence Neal Berwitz

Estate, Trusts, Elder Law, Power of Attorney, Wills & Probate

Status: Licensed: 45 Years

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310 Old Country Rd, Garden City, NY 11530

Matthew K. Tannenbaum

Landlord-Tenant, Real Estate, Traffic, Wills & Probate

Status: Licensed: 34 Years

FREE CONSULTATION

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825 East Gate Boulevard, Garden City, NY 11530

Irwin G. Klein

Estate, Immigration, Criminal, Real Estate, Bankruptcy & Debt

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825 E Gate Blvd, Garden City, NY 11530

Lewis Edelstein

Estate, Family Law, Divorce & Family Law, Elder Law

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300 Garden City Plaza, Garden City, NY 11530

800-923-0641

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LEGAL TERMS

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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).

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

NET ESTATE

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

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.

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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Uniondale Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Laura G Grossman

James L. Iannone

Jasleen Kaur Anand

Michael A. Cohen

Jean M. Kestel

Lois Carter Schlissel

Lawrence Neal Berwitz

Matthew K. Tannenbaum

Irwin G. Klein

Lewis Edelstein

TIPS

LEGAL TERMS

ESTATE PLANNING

GRANTOR RETAINED INCOME TRUST

GRANTOR

GROSS ESTATE

CONTINGENT BENEFICIARY

INVENTORY

IRREVOCABLE TRUST

NET ESTATE

RESIDUARY ESTATE

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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