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Abraham Michelson
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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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William L. Gibson

Commercial Real Estate, Municipal, Wills, Family Law

Status: Licensed: 44 Years

CONTACT

Binghamton, NY 13902

Elizabeth Kehoe Joggerst

Real Estate, Estate, Civil & Human Rights

Status:

CONTACT

Binghamton, NY 13902

Alan John Pope

Landlord-Tenant, Estate, Wrongful Termination, Divorce

Status:

CONTACT

99 Corporate Dr, Binghamton, NY 13904

John C. Rosekrans

Wills & Probate, Trusts, Estate, Real Estate, Tax

Status:

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

Thomas P. Rizzuto

Real Estate, Estate, Education, Business, Wills & Probate

Status: Licensed: 41 Years

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

John R. Bedosky

Estate, Wills & Probate, Trusts, Elder Law, Non-profit

Status:

CONTACT

700 Security Mutual Building, Binghamton, NY 13901

F Daniel Casella

Real Estate, Government, Estate, Divorce & Family Law

Status: Licensed: 47 Years

CONTACT

64 Front St, Binghamton, NY 13905

Beth E. Westfall

Real Estate, Trusts, Divorce & Family Law, Civil & Human Rights

Status:

CONTACT

Binghamton, NY 13902

James Francis Haley

Industry Specialties, Estate, Civil & Human Rights, Business

Status:

CONTACT

46 Front Street, Binghamton, NY 13905

Nancy Ellen Kline

Estate, Civil & Human Rights

Status: Licensed: 35 Years

CONTACT

Binghamton, NY 13902

800-814-6700

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LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

FAMILY POT TRUST

See pot trust.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

TRUSTEE POWERS

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

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.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

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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Marathon Estate Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

William L. Gibson

Elizabeth Kehoe Joggerst

Alan John Pope

John C. Rosekrans

Thomas P. Rizzuto

John R. Bedosky

F Daniel Casella

Beth E. Westfall

James Francis Haley

Nancy Ellen Kline

TIPS

LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

FAMILY POT TRUST

KINDRED

LIVING TRUST

DISTRIBUTEE

TRUSTEE POWERS

GROSS ESTATE

PROPERTY CONTROL TRUST

POUR-OVER WILL

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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