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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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Includes: Gift Taxation

Alan Podhaizer

Commercial Real Estate, Estate Planning, Civil & Human Rights

Status: Licensed: 33 Years

CONTACT

601A Surf Ave, Brooklyn, NY 11224

Gary Melamed

Tax, Wills & Probate, Estate Planning, Elder Law

Status: Licensed: 19 Years

CONTACT

2753 Coney Island Avenue, Brooklyn, NY 11235

Inna Fershteyn

Litigation, Immigration, Estate Planning, Estate, Elder Law

Status:

CONTACT

1517 Voorhies Ave, Brooklyn, NY 11235

Irena Zolotova

Business, Estate Planning, Real Estate

Status: Licensed: 18 Years

CONTACT

1529 Voorhies Ave, Brooklyn, NY 11235

Joseph R. Costello

Estate Planning, Family Law, Corporate, Business Organization, Real Estate

Status: Licensed: 26 Years

CONTACT

5919 20Th Ave, Brooklyn, NY 11204

Mark Judah Posner

Estate Planning, Criminal, Other, Government, Accident & Injury

Status: Licensed: 20 Years

CONTACT

1883 86Th St, Brooklyn, NY 11214

Michael F. Kelly

Real Estate, Wills & Probate, Estate Planning

Status: Licensed: 49 Years

CONTACT

2305 Avenue Z, Brooklyn, NY 11235

Pinni Bohm

Housing & Urban Development, Litigation, Trusts, Estate Planning, International Other

Status:

CONTACT

1301 Coney Island Ave, Brooklyn, NY 11230

Stan Ulis

Real Estate, Estate Planning, Estate

Status: Licensed: 12 Years

CONTACT

1599 E 15Th St, Brooklyn, NY 11230

Wilbur Flippin

Personal Injury, Bankruptcy, Family Law, Estate Planning

Status: Licensed: 68 Years

CONTACT

2299 E 15th St, Brooklyn, NY 11229

800-814-6700

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LEGAL TERMS

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

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.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

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.

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.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Breezy Point Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alan Podhaizer

Gary Melamed

Inna Fershteyn

Irena Zolotova

Joseph R. Costello

Mark Judah Posner

Michael F. Kelly

Pinni Bohm

Stan Ulis

Wilbur Flippin

TIPS

LEGAL TERMS

HEIR AT LAW

CONSERVATOR

KINDRED

NONPROBATE

ENTITY

ESTATE TAXES

TRUSTEE

PROBATE

FAMILY ALLOWANCE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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