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Abraham Michelson
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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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Richard Alan Osofsky

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 55 Years

CONTACT

224 Schultz Hill Rd, Pine Plains, NY 12567

Paul Stephen Johnson

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

59 South Center Street, Millerton, NY 12546

Hilarie Lynne Thomas

Real Estate, Estate, Land Use & Zoning, Real Estate, Power of Attorney

Status: In Good Standing Licensed: 33 Years

CONTACT

87 Main St, Millerton, NY 12546

Richard J. Nunez

Construction, Immigration, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 23 Years

CONTACT

Millerton, NY 12546

Edward Elliot Downey

Real Estate, Government, Estate

Status: In Good Standing Licensed: 51 Years

CONTACT

Millerton, NY 12546

Elizabeth Mary Wolf

Real Estate, Estate

Status: In Good Standing Licensed: 17 Years

CONTACT

577 North Avenue, Pleasant Valley, NY 12569

Charles P. Morrow

Real Estate, Estate, Business

Status: In Good Standing Licensed: 57 Years

CONTACT

24 Spooky Hollow Rd, Hyde Park, NY 12538

Raymond P. Jurina

Real Estate, Estate

Status: In Good Standing Licensed: 52 Years

CONTACT

296 Waterbury Hill Rd, Lagrangeville, NY 12540

Bevin S. Harrington

Real Estate, Estate

Status: In Good Standing Licensed: 27 Years

CONTACT

2210 County Route 7, Copake, NY 12516

Edward Lawrence Freer

Real Estate, Estate

Status: In Good Standing Licensed: 22 Years

CONTACT

4 Marion Way, Lagrangeville, NY 12540

800-923-0641

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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

FAMILY POT TRUST

See pot trust.

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.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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.

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.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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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Amenia Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard Alan Osofsky

Paul Stephen Johnson

Hilarie Lynne Thomas

Richard J. Nunez

Edward Elliot Downey

Elizabeth Mary Wolf

Charles P. Morrow

Raymond P. Jurina

Bevin S. Harrington

Edward Lawrence Freer

TIPS

LEGAL TERMS

TITLE COMPANY

FAMILY POT TRUST

POWER OF APPOINTMENT

ADMINISTRATION (OF AN ESTATE)

GROSS ESTATE

QTIP TRUST

LIFE BENEFICIARY

LAPSE

ENDOWMENT INSURANCE

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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