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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
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James D. Rice

Real Estate, Lawsuit & Dispute, Estate, Employment

Status: In Good Standing Licensed: 45 Years

CONTACT

Briarcliff Manor, NY 10510

John Martin Hochfelder

Lawsuit & Dispute, Estate, Business, Accident & Injury

Status: In Good Standing

CONTACT

6 Shadow Tree Ln, Briarcliff Manor, NY 10510

John Stephen Sillings

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

30 Meadow Rd, Briarcliff Manor, NY 10510

Robert Thaler

Real Estate, Estate

Status: In Good Standing Licensed: 50 Years

CONTACT

11 Tappan Ter, Briarcliff Manor, NY 10510

Susan G. Parker

Wills & Probate, Estate, Elder Law, Business Organization

Status: In Good Standing

CONTACT

520 N State Rd, Briarcliff Manor, NY 10510

Irwin J Kavy

Power of Attorney, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

573 N State Rd, Briarcliff Manor, NY 10510

Nancy Rushton Vantassel

Social Security, Estate, DUI-DWI

Status: Inactive Licensed: 40 Years

CONTACT

9 Scarborough Cir, Briarcliff Manor, NY 10510

Andrew Scott Lupatkin

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

Status: In Good Standing Licensed: 27 Years

CONTACT

15 Walden Hl, Chappaqua, NY 10514

Marc Howard Rubin

Real Estate, Estate

Status: In Good Standing Licensed: 34 Years

CONTACT

10 Woodlake Dr, Croton On Hudson, NY 10520

Michelle Lee Garrison

Estate, Business

Status: In Good Standing Licensed: 23 Years

CONTACT

217 Cleveland Dr, Croton On Hudson, NY 10520

800-923-0641

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LEGAL TERMS

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

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.

CREDIT SHELTER TRUST

See AB trust.

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.'

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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Croton Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James D. Rice

John Martin Hochfelder

John Stephen Sillings

Robert Thaler

Susan G. Parker

Irwin J Kavy

Nancy Rushton Vantassel

Andrew Scott Lupatkin

Marc Howard Rubin

Michelle Lee Garrison

TIPS

LEGAL TERMS

FAMILY ALLOWANCE

INCOMPETENCE

PROBATE COURT

GENERATION-SKIPPING TRANSFER TAX

NONPROBATE

GRANTOR

ABATEMENT

CREDIT SHELTER TRUST

LIVING TRUST

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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