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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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Peter F. Hedglon

Immigration, Estate, Environmental Law, Divorce & Family Law, Business Organization

Status: In Good Standing Licensed: 48 Years

CONTACT

312 Broad St, Oneida, NY 13421

Paul Francis Iaconis

Real Estate, Traffic, Estate, Accident & Injury

Status: In Good Standing Licensed: 50 Years

CONTACT

501 Genesee St., Chittenango, NY 13037

Donald Peter Colella

Estate, Business, Criminal, Litigation

Status: In Good Standing Licensed: 60 Years

CONTACT

216 Genesee Street, Chittenango, NY 13037

Melissa Elizabeth Martel

Real Estate, Estate, Wrongful Termination, Personal Injury

Status: In Good Standing Licensed: 11 Years

CONTACT

146 Madison St, Oneida, NY 13421

David Charles Grow

Real Estate, Estate, Criminal, Corporate, Real Estate Other

Status: In Good Standing Licensed: 57 Years

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301 N Washington St., Rome, NY 13442

Patricia Shaffer Bobrow

Foreclosure, Real Estate, Estate, Elder Law, Banking & Finance

Status: In Good Standing

CONTACT

4-6 North Park Row, Clinton, NY 13323

Harvey Robert Lasner

Wills, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 54 Years

CONTACT

6661 Kirkville Road, East Syracuse, NY 13057

Jaime Rose

Elder Law, Medical Malpractice, Trusts, Estate Planning

Status: In Good Standing

CONTACT

6661 Kirkville Road, East Syracuse, NY 13057

Eric Midthun Brooks

Family Law, Trusts, Criminal

Status: In Good Standing Licensed: 12 Years

CONTACT

551 Franklin Park Dr East, East Syracuse, NY 13057

800-923-0641

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LEGAL TERMS

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.'

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

NET ESTATE

The value of all property owned at death less liabilities or debts.

GRANTOR

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

CREDIT SHELTER TRUST

See AB trust.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

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.

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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Wampsville Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Peter F. Hedglon

Paul Francis Iaconis

Donald Peter Colella

Melissa Elizabeth Martel

David Charles Grow

Patricia Shaffer Bobrow

Harvey Robert Lasner

Jaime Rose

Eric Midthun Brooks

TIPS

LEGAL TERMS

ABSTRACT OF TRUST

PERSONAL PROPERTY

NET ESTATE

GRANTOR

CREDIT SHELTER TRUST

AUGMENTED ESTATE

INHERITANCE TAXES

SELF-PROVING WILL

BANKRUPTCY ESTATE

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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