Westchester County, NY Estate Lawyers, page 6

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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
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3. Practice AreasServices
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Asad Mahmood Ba-Yunus

Accident & Injury, Employment, Estate, Lawsuit & Dispute

Status: Licensed: 24 Years

CONTACT

950 Main St, Peekskill, NY 10566

Elliot J. Danziger

Landlord-Tenant, State Appellate Practice, Estate Planning, Divorce, Real Estate

Status:

CONTACT

800 Westchester Ave, Port Chester, NY 10573

Stuart Ethan Leyton

Wills & Probate, Pension & Benefits, Contract, Business Organization

Status: Licensed: 16 Years

CONTACT

1333A North Avenue, New Rochelle, NY 10804

Erina R. Ponzini

Wills & Probate, Estate, Business, Bankruptcy

Status:

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140 Huguenot Street, New Rochelle, NY 10801

Mary Ellen Manley

International, Trusts, Estate, Business

Status:

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1 N Lexington Ave, White Plains, NY 10601

George Hunter Roberts

Commercial Real Estate, Estate Planning, Estate, Elder Law

Status:

CONTACT

200 Katonah Ave, Katonah, NY 10536

M David Lacher

Estate, Real Estate, Business, Corporate

Status: Licensed: 47 Years

CONTACT

270 North Ave, New Rochelle, NY 10801

Joseph H. Gruner

Estate, Residential Real Estate, Elder Law

Status: Licensed: 51 Years

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445 Hamilton Avenue, White Plains, NY 10601

Anthony J. Enea

Nursing Home, Estate Planning, Guardianships & Conservatorships, Elder Law

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245 Main Street, White Plains, NY 10601

Steven Aylwin Schurkman

Estate Planning, Estate, Elder Law, Civil & Human Rights

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CONTACT

445 Hamilton Ave, White Plains, NY 10601

800-923-0641

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LEGAL TERMS

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

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.

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).

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

DEED OF TRUST

See trust deed.

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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Westchester County, NY Estate Lawyers, page 6

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Asad Mahmood Ba-Yunus

Elliot J. Danziger

Stuart Ethan Leyton

Erina R. Ponzini

Mary Ellen Manley

George Hunter Roberts

M David Lacher

Joseph H. Gruner

Anthony J. Enea

Steven Aylwin Schurkman

TIPS

LEGAL TERMS

BYPASS TRUST

REAL ESTATE AGENT

AUGMENTED ESTATE

GRANTOR RETAINED INCOME TRUST

BANKRUPTCY ESTATE

STATUTORY SHARE

BENEFICIARY

ADMINISTRATION (OF AN ESTATE)

DEED OF TRUST

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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PRACTICE AREAS 70