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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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Andrew William Meier

Estate Planning

Status: In Good Standing Licensed: 20 Years

CONTACT

113 W Center St, Medina, NY 14103

Benjamin James Bonarigo

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing

CONTACT

18 Ellicott St, Batavia, NY 14020

Conrad Franklin Cropsey

Real Estate, Government, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 49 Years

CONTACT

109 N Main St, Albion, NY 14411

Daniel G. Schum

Commercial Real Estate, Litigation, Mini-trials, Estate

Status: In Good Standing Licensed: 52 Years

CONTACT

43 Nichols St, Spencerport, NY 14559

David Carl Schubel

Real Estate, Government, Estate, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

113 W Center St, Medina, NY 14103

Dennis John Annechino

Estate

Status: In Good Standing Licensed: 23 Years

CONTACT

5384 Brockport Spencerport Rd, Brockport, NY 14420

Douglas Mark Heath

Government, Estate, Business

Status: In Good Standing Licensed: 39 Years

CONTACT

66 Public Square, Holley, NY 14470

Ernest Murray Found

Wills, Estate Planning, Wills & Probate

Status: In Good Standing Licensed: 72 Years

CONTACT

Batavia, NY 14020

Gerald O. Williams

Real Estate, Estate, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 70 Years

CONTACT

2 Court Street Plaza, Batavia, NY 14020

Henry Ward Williams

Divorce & Family Law, Estate, Lawsuit & Dispute, Real Estate

Status: In Good Standing Licensed: 66 Years

CONTACT

Scottsville, NY 14546

800-923-0641

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LEGAL TERMS

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

FAMILY POT TRUST

See pot trust.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

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.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

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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Fancher Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew William Meier

Benjamin James Bonarigo

Conrad Franklin Cropsey

Daniel G. Schum

David Carl Schubel

Dennis John Annechino

Douglas Mark Heath

Ernest Murray Found

Gerald O. Williams

Henry Ward Williams

TIPS

LEGAL TERMS

LETTERS TESTAMENTARY

SPECIFIC BEQUEST

FAMILY POT TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

TRUST DEED

QTIP TRUST

LIFE BENEFICIARY

ESTATE TAXES

DISCHARGE (OF PROBATE ADMINISTRATOR)

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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