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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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Silvia M. Metrena

Real Estate, Wills, Contract, Trusts

Status: In Good Standing

CONTACT

20 South Broadway, Ste 902, Yonkers, NY 10701

Sonia M. Tanksley

Criminal, Immigration, Real Estate, Estate

Status: In Good Standing Licensed: 31 Years

CONTACT

377 Ashford Ave, Dobbs Ferry, NY 10522

Susan B. Slater-Jansen

Estate, Estate Planning, Trusts, Wills & Probate

Status: In Good Standing Licensed: 43 Years

FREE CONSULTATION

CONTACT

399 Knollwood Road, White Plains, NY 10603

Michael Stephen Berardino

Traffic, Wills & Probate, White Collar Crime, DUI-DWI

Status: In Good Standing Licensed: 41 Years

CONTACT

111 N Central Ave, Hartsdale, NY 10530

Giulia Frasca

Civil Rights, Environmental Law, Estate Planning, Family Law

Status: In Good Standing

CONTACT

90 North Broadway, Irvington, NY 10533

Michael C. Giordano

Estate, Criminal, Elder Law

Status: In Good Standing Licensed: 37 Years

CONTACT

572 Route 303, Blauvelt, NY 10913

Michael J. Riolo

Elder Law, Estate Planning, Trusts, Estate

Status: In Good Standing

CONTACT

399 Knollwood Road, White Plains, NY 10603

Stuart Ethan Leyton

Wills & Probate, Pension & Benefits, Contract, Business Organization

Status: In Good Standing Licensed: 16 Years

CONTACT

1333A North Avenue, New Rochelle, NY 10804

Debra A. Arena

Real Estate, Wills, Trusts, Estate

Status: In Good Standing

CONTACT

111 Kraft Avenue, Bronxville, NY 10708

John C. Schnaufer

Construction, Wills & Probate, Business Organization, Banking & Finance

Status: In Good Standing Licensed: 62 Years

CONTACT

280 N Central Ave, Hartsdale, NY 10530

800-923-0641

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LEGAL TERMS

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

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.

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

FAILURE OF ISSUE

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

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.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

DEED OF TRUST

See trust deed.

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).

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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Dobbs Ferry Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Silvia M. Metrena

Sonia M. Tanksley

Susan B. Slater-Jansen

Michael Stephen Berardino

Giulia Frasca

Michael C. Giordano

Michael J. Riolo

Stuart Ethan Leyton

Debra A. Arena

John C. Schnaufer

TIPS

LEGAL TERMS

FINAL BENEFICIARY

INTESTATE SUCCESSION

ANCILLARY PROBATE

ESTATE TAXES

FAILURE OF ISSUE

ABATEMENT

ABSTRACT OF TRUST

DEED OF TRUST

PER CAPITA

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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