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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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John Weber

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Bankruptcy & Debt, Real Estate, Estate, Credit & Debt, Collection

With the singular focus of individual Bankruptcy Law, we bring a collective effort to delivering personalized and effective representation to each of ... (more)

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CONTACT

800-910-2530

PO box 866, Amityville, NY 11701

John Vaughn

Corporate, Business Organization, Criminal, Estate Administration

Status: In Good Standing

CONTACT

72 E Main St, Babylon, NY 11702

Anthony Thomas Ballato

Lawsuit & Dispute, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing

CONTACT

5476 Merrick Road, Massapequa, NY 11758

George Evangelos Patsis

Criminal, Divorce & Family Law, Estate, Real Estate

Status: In Good Standing Licensed: 24 Years

CONTACT

152 N Wellwood Ave, Lindenhurst, NY 11757

Mildred J. Michalczyk

Real Estate, Immigration, Divorce & Family Law, Estate

Status: In Good Standing

CONTACT

16 Walnut Avenue East, Farmingdale, NY 11735

James Patrick Cronin

Wills & Probate, Trusts, Estate, Elder Law

Status: In Good Standing Licensed: 33 Years

CONTACT

2174 Jackson Avenue, Seaford, NY 11783

Gerilynn Fedrich Falasco

Wills, Trusts, Estate, Elder Law

Status: In Good Standing Licensed: 20 Years

CONTACT

2174 Jackson Avenue, Seaford, NY 11783

Joseph A. Milligan

Other, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 66 Years

CONTACT

1641 Deer Park Ave, Deer Park, NY 11729

Rand P. Schwartz

Lawsuit & Dispute, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 58 Years

CONTACT

1000 Park Blvd, Massapequa Park, NY 11762

Robert T. Rinear

Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

112 Farmingdale Road (Route 109), West Babylon, NY 11704

800-923-0641

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LEGAL TERMS

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.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

MARITAL LIFE ESTATE TRUST

See AB trust.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased 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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Amityville Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Weber

John Vaughn

Anthony Thomas Ballato

George Evangelos Patsis

Mildred J. Michalczyk

James Patrick Cronin

Gerilynn Fedrich Falasco

Joseph A. Milligan

Rand P. Schwartz

Robert T. Rinear

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LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

DEATH TAXES

POUR-OVER WILL

INTESTATE

PUBLIC ADMINISTRATOR

SUCCESSION

MARITAL LIFE ESTATE TRUST

INVESTOR

INHERIT

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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