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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 Albert Cappellini

White Collar Crime, Estate Planning, Bankruptcy, Contract, Natural Resources

Status: In Good Standing Licensed: 27 Years

CONTACT

1 East Main St., Cuba, NY 14727

Frederick Albin Larson

Real Estate, Personal Injury, Wills & Probate, Trusts

Status: In Good Standing Licensed: 48 Years

CONTACT

408 W 5Th St, Jamestown, NY 14701

Lanny R. Sheffield

Residential Real Estate, Real Estate, Wills, Estate Planning

Status: In Good Standing Licensed: 48 Years

CONTACT

3 Lakeview Ave, Jamestown, NY 14701

Lyle T. Hajdu

Estate Planning, Family Law, DUI-DWI, Criminal

Status: In Good Standing Licensed: 28 Years

CONTACT

Lakewood, NY 14750

Paul V. Webb

Litigation, Estate Planning, Family Law, Corporate

Status: In Good Standing Licensed: 28 Years

CONTACT

414 E Fairmount Ave, Lakewood, NY 14750

Paul V. Webb

Estate Planning, Alimony & Spousal Support, Divorce, Criminal

Status: In Good Standing Licensed: 28 Years

CONTACT

414 E Fairmount Ave, Lakewood, NY 14750

Michael Schiavone

International Tax, Entertainment, Wills & Probate, Corporate

Status: In Good Standing

CONTACT

4 West Main Street, Fredonia, NY 14063

Kyle Calabrese

Wills & Probate, Divorce, DUI-DWI, Personal Injury

Status: In Good Standing

CONTACT

265 Union St, Hamburg, NY 14075

Shannon Fuhrman

Accident & Injury, Estate, Real Estate, Power of Attorney, Personal Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

6524 East Quaker Road, Orchard Park, NY 14127

Michael A. Wargula

Medicare & Medicaid, Wills, Estate, Elder Law

Status: In Good Standing Licensed: 46 Years

CONTACT

4819 S Park Ave, Hamburg, NY 14075

800-923-0641

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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

FUNDING A TRUST

Transferring ownership of property to a 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.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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.

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.

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.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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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Little Valley Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Albert Cappellini

Frederick Albin Larson

Lanny R. Sheffield

Lyle T. Hajdu

Paul V. Webb

Paul V. Webb

Michael Schiavone

Kyle Calabrese

Shannon Fuhrman

Michael A. Wargula

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LEGAL TERMS

TITLE COMPANY

FUNDING A TRUST

LAPSE

WARRANTY DEED

AB TRUST

TRUSTEE

FAMILY ALLOWANCE

DOWER AND CURTESY

PER STIRPES

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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