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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
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Fred Morgan Ainsley

Real Estate, Estate, Business, Accident & Injury

Status: Retired Licensed: 33 Years

CONTACT

527 Townline Road, Hauppauge, NY 11788

Annamarie Donovan

Litigation, Trusts, Employment, Wrongful Death

Status: In Good Standing Licensed: 31 Years

CONTACT

1200 Veterans Hwy, Smithtown, NY 11788

Jeanette Grabie

Health Care, Government Agencies, Wills, Wills & Probate

Status: In Good Standing Licensed: 23 Years

CONTACT

162 Terry Rd, Smithtown, NY 11787

Cheryl Lynn Fratello

Commercial Real Estate, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 20 Years

CONTACT

22 Lawrence Ave, Smithtown, NY 11787

Peter M. Mott

Litigation, Family Law, Wills & Probate, Divorce & Family Law

Status: In Good Standing

CONTACT

490 Wheeler Road, Hauppauge, NY 11788

Bernadette E. Tuthill

Corporate, Estate Planning, Guardianships & Conservatorships, Trusts

Status: In Good Standing

CONTACT

490 Wheeler Road, Hauppauge, NY 11788

Martin Scott Glass

Immigration, Welfare, Estate, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

4175 Veterans Memorial Highway, Ronkonkoma, NY 11779

Doris B. Bilotti

Land Use & Zoning, Real Estate, Litigation, Trusts

Status: In Good Standing

CONTACT

4250 Veterans Memorial Highway, Bethpage, NY 11714

Raymond R. Grasing

Litigation, Wills, Insurance, Business

Status: In Good Standing Licensed: 33 Years

CONTACT

99 Smithtown Blvd, Smithtown, NY 11787

Rory Alarcon

Foreclosure, Wills & Probate, Divorce, Civil Rights

Status: In Good Standing

CONTACT

140 Fell Court, Hauppauge, NY 11788

800-923-0641

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LEGAL TERMS

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

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.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living 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 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). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

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.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

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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Nesconset Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Fred Morgan Ainsley

Annamarie Donovan

Jeanette Grabie

Cheryl Lynn Fratello

Peter M. Mott

Bernadette E. Tuthill

Martin Scott Glass

Doris B. Bilotti

Raymond R. Grasing

Rory Alarcon

TIPS

LEGAL TERMS

EXECUTOR

ANCILLARY PROBATE

SUMMARY PROBATE

PER STIRPES

REMAINDERMAN

FUNDING A TRUST

GENERATION-SKIPPING TRANSFER TAX

FINAL BENEFICIARY

HEIR APPARENT

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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