Yorktown Heights 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
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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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Includes: Gift Taxation

Farva Jafri

Bankruptcy & Debt, Tax, Divorce, Estate Planning, White Collar Crime

Status: In Good Standing

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50 Evergreen Row, Armonk, NY 10504

Carolyn Ellen Harting

General Practice

Status: In Good Standing Licensed: 41 Years

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Bedford, NY 10506

Abigail Demusis Apuzzo

Estate Planning, Litigation, Corporate, Tax

Status: In Good Standing Licensed: 11 Years

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1705 Route 9D, Cold Spring, NY 10516

Abigail Demusis Apuzzo

General Practice

Status: In Good Standing Licensed: 11 Years

CONTACT

1705 Route 9D, Cold Spring, NY 10516

Angela Zagreda Nikci

DUI-DWI, Traffic, Estate Planning, Business

Status: In Good Standing

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2117 Crompond Road, Cortlandt Manor, NY 10567

Allison Guthrie Fischer

Estate, Estate Planning

Status: In Good Standing Licensed: 27 Years

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Cross River, NY 10518

George Hunter Roberts

Commercial Real Estate, Estate Planning, Estate, Elder Law

Status: In Good Standing

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200 Katonah Ave, Katonah, NY 10536

Judith A. Aydelott

Estate Planning, Labor Law, Employment, Personal Injury

Status: In Good Standing Licensed: 45 Years

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100 Maple Ave, Katonah, NY 10536

Anthony Craig Markus

Estate Planning, Estate, Divorce, Divorce & Family Law

Status: In Good Standing Licensed: 39 Years

CONTACT

118 N Bedford Rd, Mount Kisco, NY 10549

Sean R. Levin

Real Estate, Immigration, Estate Planning, Employment

Status: In Good Standing

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37 Radio Circle Drive, Mount Kisco, NY 10549

800-923-0641

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LEGAL TERMS

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.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living 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 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). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

FAMILY POT TRUST

See pot trust.

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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Yorktown Heights Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Farva Jafri

Carolyn Ellen Harting

Abigail Demusis Apuzzo

Abigail Demusis Apuzzo

Angela Zagreda Nikci

Allison Guthrie Fischer

George Hunter Roberts

Judith A. Aydelott

Anthony Craig Markus

Sean R. Levin

TIPS

LEGAL TERMS

INTESTATE

INHERIT

PER STIRPES

FINAL BENEFICIARY

FAILURE OF ISSUE

BYPASS TRUST

INVESTOR

SPENDTHRIFT TRUST

FAMILY POT TRUST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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