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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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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Michael Bern Karlsson

Real Estate, Immigration, Estate, Child Custody

Status: In Good Standing Licensed: 17 Years

CONTACT

105 Gleneida Ave, Carmel, NY 10512

Sarah R. Scigliano

Lawsuit, Wills & Probate, Family Law, Divorce & Family Law

Status: In Good Standing Licensed: 19 Years

CONTACT

105 Gleneida Ave, Carmel, NY 10512

Patrick J. Brophy

Wills, Estate, Family Law, Criminal

Status: In Good Standing Licensed: 52 Years

CONTACT

47 Gleneida Avenue, Carmel, NY 10512

Christopher Massey Canfield

Estate, Divorce, Trusts

Status: In Good Standing Licensed: 28 Years

CONTACT

963 Route 6, Mahopac, NY 10541

Timothy James Curtiss

Estate, Employee Rights, Divorce & Family Law, Criminal, Medical Malpractice

Status: In Good Standing Licensed: 48 Years

CONTACT

20 Church St, Carmel, NY 10512

Alan David Feller

Industry Specialties, Estate, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 23 Years

CONTACT

625 Route 6, Mahopac, NY 10541

Adriana M Dusovic

Estate, Real Estate

Status: In Good Standing Licensed: 30 Years

CONTACT

80 Tommy Ct, Mahopac, NY 10541

Edward Michael Schaffer

Estate, Civil & Human Rights

Status: In Good Standing Licensed: 45 Years

CONTACT

104 Gleneida Ave, Carmel, NY 10512

Edward I. Sumber

Other, Real Estate, Estate

Status: In Good Standing Licensed: 56 Years

CONTACT

18 Fair St, Carmel, NY 10512

Benjamin R. Anker

Estate

Status: In Good Standing Licensed: 46 Years

CONTACT

37 Fair St, Carmel, NY 10512

800-923-0641

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LEGAL TERMS

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).

TRUSTEE POWERS

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

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.

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.

BENEFICIARY

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

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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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Kent Cliffs Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael Bern Karlsson

Sarah R. Scigliano

Patrick J. Brophy

Christopher Massey Canfield

Timothy James Curtiss

Alan David Feller

Adriana M Dusovic

Edward Michael Schaffer

Edward I. Sumber

Benjamin R. Anker

TIPS

LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

TRUSTEE POWERS

SELF-PROVING WILL

HEIR AT LAW

GENERATION-SKIPPING TRUST

CONTINGENT BENEFICIARY

BENEFICIARY

RESIDUARY BENEFICIARY

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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