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.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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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

Adam Seth Markel

Wills & Probate, Family Law, Criminal, Transactions, Estate Planning

Status: Licensed: 15 Years

CONTACT

3976 Seneca St, Buffalo, NY 14224

Amber E. Storr

Litigation, Estate Planning, Business & Trade, Products Liability

Status:

CONTACT

424 Main St, Buffalo, NY 14202

Anastasia M. Stumpf

Litigation, Estate Planning, Business & Trade, Products Liability

Status: Licensed: 9 Years

CONTACT

1300 Liberty Building, Buffalo, NY 14202

Andrew Garrett Besch

Tax, International Tax, Trusts, Estate Planning

Status:

CONTACT

140 Pearl St, Buffalo, NY 14202

Andrew Adam Borden

Commercial Real Estate, Estate Planning, Business & Trade, Corporate

Status: Licensed: 17 Years

CONTACT

10535 Main St, Clarence, NY 14031

B P. Oliverio

Estate Planning, Civil Rights, Corporate, Bankruptcy, Residential Real Estate

Status: Licensed: 46 Years

CONTACT

174 Franklin St, Buffalo, NY 14202

Barbara A. Schaus

Income Tax, Corporate Tax, Tax, Gift Taxation

Status: Licensed: 34 Years

CONTACT

380 Cleveland Dr, Buffalo, NY 14215

Barbara S. Nuchereno

Real Estate Other, Estate Planning, Divorce & Family Law

Status: Licensed: 37 Years

CONTACT

92 Franklin St, Buffalo, NY 14202

800-923-0641

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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

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.

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

Adam Seth Markel

Amber E. Storr

Anastasia M. Stumpf

Andrew Garrett Besch

Andrew Adam Borden

B P. Oliverio

Barbara A. Schaus

Barbara S. Nuchereno

TIPS

LEGAL TERMS

TITLE COMPANY

GENERATION-SKIPPING TRUST

IN TERROREM

INHERITANCE TAXES

ANCILLARY PROBATE

ACCUMULATION TRUST

INVENTORY

ABATEMENT

SPRINKLING TRUST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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