South Wales 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
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
  Our legal team can advise you on your options for negotiating a solution.
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Includes: Gift Taxation

Norman J. Mattar

Estate Planning, Personal Injury, Medical Malpractice, Car Accident

Status:

FREE CONSULTATION

CONTACT

8604 Main Street, Buffalo, NY 14221

William J Kita

Estate Planning, Family Law, Insurance, Litigation

Status:

CONTACT

2150 Main Place Tower, 350 Main Street, Buffalo, NY 14202

George Russell Blair

Litigation, Municipal, Estate Planning, Criminal

Status: Licensed: 51 Years

CONTACT

681 Main St, East Aurora, NY 14052

Jay William Ricketts

Commercial Real Estate, Estate Planning, Family Law, Child Custody

Status: Licensed: 53 Years

CONTACT

321 Rolling Green Ln, Elma, NY 14059

Francis Robert Vavonese

Estate Planning, Nursing Home, Power of Attorney, Trusts

Status: Licensed: 19 Years

CONTACT

15 Greenwood Drive, Orchard Park, NY 14127

Edward Andrew Pace

Housing & Urban Development, Estate Planning, Criminal, Civil & Human Rights

Status: Licensed: 47 Years

CONTACT

4513 S Buffalo St, Orchard Park, NY 14127

Jennifer L. Friedman

Landlord-Tenant, Estate Planning, Wrongful Termination, Divorce

Status:

CONTACT

Lancaster, NY 14086

Linda Grear

Estate Planning, Wills

Status:

CONTACT

43 Central Avenue, Lancaster, NY 14086

Kelly V. Zarcone

Estate Administration, Estate Planning, Family Law, Divorce & Family Law, Elder Law

Status: Licensed: 27 Years

CONTACT

3099 William Street, Buffalo, NY 14227

Justin Lee Jablonski

Criminal, Trademark, Estate Planning, Federal Appellate Practice, Criminal

Status:

CONTACT

2901 S Park Ave, Buffalo, NY 14218

800-923-0641

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LEGAL TERMS

CREDIT SHELTER TRUST

See AB trust.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

SURROGATE COURT

See probate court.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving 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 capita, Julie and the two grandchildren will each take a third. If, on the other hand, 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).

FAILURE OF ISSUE

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

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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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South Wales Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Norman J. Mattar

William J Kita

George Russell Blair

Jay William Ricketts

Francis Robert Vavonese

Edward Andrew Pace

Jennifer L. Friedman

Linda Grear

Kelly V. Zarcone

Justin Lee Jablonski

TIPS

LEGAL TERMS

CREDIT SHELTER TRUST

RULE AGAINST PERPETUITIES

ABATEMENT

SURROGATE COURT

DEATH TAXES

PER CAPITA

FAILURE OF ISSUE

INTESTATE SUCCESSION

SPRINKLING TRUST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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