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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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Marcel A. Sager

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Divorce & Family Law, Wills & Probate, Elder Law, Real Estate, Accident & Injury

Experienced. Professional. Attentive To Your Needs.

Marcel A. Sager is licensed to practice law in New York, New Jersey, the District of Columbia, Illinois, local federal courts, the U.S. Tax Court and ... (more)

CONTACT

800-529-0177

1628 Kings Highway, East 17th Street, Brooklyn, NY 11229

Joseph G Costello

Wills & Probate, Family Law, Business Organization, Banking & Finance

Status: In Good Standing

CONTACT

5919 20th Avenue, Brooklyn, NY 11204

Miguel Torrellas

Other, Real Estate, Litigation, Estate Planning

Status: In Good Standing

CONTACT

6911 18th Avenue, Brooklyn, NY 11204

Elena E. Lambrakos

Elder Law, Estate Administration, Guardianships & Conservatorships, Living Wills

Status: In Good Standing

CONTACT

6911 18th Avenue, Brooklyn, NY 11204

Peter J Goodman

Real Estate, Estate, Business, Accident & Injury

Status: In Good Standing Licensed: 29 Years

CONTACT

1517 Voorhies Avenue, Brooklyn, NY 11235

Alfred Polizzotto

Government Agencies, Wills & Probate, Family Law, Banking & Finance

Status: In Good Standing Licensed: 34 Years

CONTACT

6911 18Th Ave, Brooklyn, NY 11204

Joseph R. Costello

Estate Planning, Family Law, Corporate, Business Organization

Status: Inactive Licensed: 25 Years

CONTACT

5919 20Th Ave, Brooklyn, NY 11204

Alfred Polizzotto

Real Estate, Immigration, Medicare & Medicaid, Estate, Elder Law

Status: In Good Standing Licensed: 34 Years

CONTACT

6911 18Th Ave, Brooklyn, NY 11204

Pinni Bohm

International Other, Trusts, Elder Law, Corporate

Status: In Good Standing

CONTACT

1301 Coney Island Ave, Brooklyn, NY 11230

Elena Evagelia Lambrakos

Elder Law, Estate Administration, Guardianships & Conservatorships, Living Wills

Status: In Good Standing

CONTACT

6911 18Th Avenue, Brooklyn, NY 11204

800-923-0641

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LEGAL TERMS

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

CERTIFICATION OF TRUST

See abstract of trust.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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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Breezy Point Estate Lawyer, New York

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The Michelson Law Office

SPONSORED LAWYERS

Marcel A. Sager

Joseph G Costello

Miguel Torrellas

Elena E. Lambrakos

Peter J Goodman

Alfred Polizzotto

Joseph R. Costello

Alfred Polizzotto

Pinni Bohm

Elena Evagelia Lambrakos

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LEGAL TERMS

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

PROBATE

INVESTOR

CERTIFICATION OF TRUST

ESTATE TAXES

AUGMENTED ESTATE

SUCCESSOR TRUSTEE

GRANTOR RETAINED INCOME 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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