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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
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Includes: Gift Taxation

Laura G Grossman

Estate Planning, Real Estate, Trusts, Wills

Status:

FREE CONSULTATION

CONTACT

600 Old Country Road, Room 519, Garden City, NY 11530

Jasleen Kaur Anand

Dispute Resolution, Banking & Finance, Estate Administration, Estate Planning

Status:

CONTACT

500 Old Country Road, Garden City, NY 11530

John Martin Bigler

Real Estate, Elder Law, Estate Planning

Status: Licensed: 48 Years

CONTACT

1421 Wantagh Ave, Wantagh, NY 11793

Louis Devito

Elder Law, Estate Planning, Guardianships & Conservatorships, Commercial Real Estate

Status:

CONTACT

333 Earle Ovington Boulevard, Uniondale, NY 11553

Jack D. Matza

Estate Planning, Divorce, Elder Law, Personal Injury, Real Estate

Status: Licensed: 45 Years

CONTACT

265 Sunrise Hwy, Rockville Centre, NY 11570

Ellen G. Makofsky

Estate Administration, Gift Taxation, Elder Law, Disability, Health Care Other

Status: Licensed: 39 Years

CONTACT

600 Old Country Rd, Garden City, NY 11530

Victor M. Finmann

Tax, Wills & Probate, Estate Planning, Pension & Benefits

Status: Licensed: 49 Years

CONTACT

100 Quentin Roosevelt Blvd, Garden City, NY 11530

Barbara L. Paltrow

Estate Planning, Trusts

Status: Licensed: 71 Years

CONTACT

21 Ocean Ave, Massapequa, NY 11758

George N. Kalamaras

Personal Injury, DUI-DWI, Divorce, Estate Planning

Status:

CONTACT

1044 Franklin Ave., Garden City, NY 11530

800-814-6700

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LEGAL TERMS

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

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.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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.

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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Merrick Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Laura G Grossman

Jasleen Kaur Anand

John Martin Bigler

Louis Devito

Jack D. Matza

Ellen G. Makofsky

Victor M. Finmann

Barbara L. Paltrow

George N. Kalamaras

TIPS

LEGAL TERMS

RESIDUARY BENEFICIARY

QDOT TRUST

PROBATE

TESTAMENTARY TRUST

MINERAL RIGHTS

INVENTORY

TRUST MERGER

TRUSTEE POWERS

DEATH TAXES

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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