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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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Sonya del Peral

Corporate, Education, Estate Planning, Intellectual Property

Status: In Good Standing

CONTACT

Executive Woods, 5 Palisades Drive, Albany, NY 12205

Scott Lukowski

Family Law, Wills & Probate, Corporate, Wills

Status: In Good Standing

FREE CONSULTATION

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20 Corporate Woods Boulevard, Albany, NY 12211

Mark L. Koblenz

Business Organization, Elder Law, Estate Planning, Freedom of Religion

Status: In Good Standing

FREE CONSULTATION

CONTACT

20 Corporate Woods Boulevard, Albany, NY 12211

Bellanca J. Fletcher

Real Estate, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

251 River Street, Troy, NY 12181

John P. Kingsley

Eminent Domain, Traffic, Wills & Probate, Workers' Compensation

Status: In Good Standing Licensed: 59 Years

CONTACT

Kinderhook, NY 12106

Ian Lyle Crimmins

Estate Planning, Family Law, Criminal, Collection

Status: In Good Standing

CONTACT

18 Park Row, Chatham, NY 12037

Brian B. Selchick

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

Status: In Good Standing Licensed: 15 Years

CONTACT

45 Clayton Place, Albany, NY 12209

Barrett D. Mack

Other, Estate, Employment, Divorce & Family Law

Status: In Good Standing Licensed: 19 Years

CONTACT

270 Mount Hope Drive, Albany, NY 12202

Mark S. Jordan

Personal Injury, DUI-DWI, Traffic, Wills & Probate

Status: In Good Standing

CONTACT

318 Delaware Avenue, Delmar, NY 12054

Matthew David Wagoner

Business, Contract, Corporate, Estate, Estate Planning

Status: In Good Standing

CONTACT

150 State Street Suite 504, Albany, NY 12207

800-923-0641

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LEGAL TERMS

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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.

CREDIT SHELTER TRUST

See AB trust.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

DEED OF TRUST

See trust deed.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

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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New Baltimore Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Sonya del Peral

Scott Lukowski

Mark L. Koblenz

Bellanca J. Fletcher

John P. Kingsley

Ian Lyle Crimmins

Brian B. Selchick

Barrett D. Mack

Mark S. Jordan

Matthew David Wagoner

TIPS

LEGAL TERMS

GROSS ESTATE

INVENTORY

POWER OF APPOINTMENT

FAMILY ALLOWANCE

CREDIT SHELTER TRUST

CONSERVATOR

BANKRUPTCY ESTATE

DEED OF TRUST

DOWER AND CURTESY

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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