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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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Gaetano Montalbano

Real Estate, Estate, Divorce & Family Law, Car Accident

Status: Licensed: 35 Years

CONTACT

46 Catania Ct, Rochester, NY 14626

Gregg Harold Redmond

Real Estate, Estate, Criminal

Status: Licensed: 31 Years

CONTACT

1379 Long Pond Rd, Rochester, NY 14626

Gregory Louis Piede

Estate Planning, Estate, Civil & Human Rights

Status: Licensed: 15 Years

CONTACT

1100 Long Pond Rd, Rochester, NY 14626

Henry Scovel Stewart

Lawsuit & Dispute, Government, Estate, Divorce & Family Law

Status: Licensed: 43 Years

CONTACT

42 Interlaken Rd, Rochester, NY 14612

Henry Ward Williams

Divorce & Family Law, Estate, Lawsuit & Dispute, Real Estate

Status: Licensed: 66 Years

CONTACT

Scottsville, NY 14546

James E. Brown

Election & Political, Estate Planning, Environmental Law Other, Civil Rights

Status: Licensed: 50 Years

CONTACT

222 Chili Ave, Rochester, NY 14611

James Henry Sickelco

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 46 Years

CONTACT

162 S Union St, Spencerport, NY 14559

Jason Sean Diponzio

Real Estate, Lawsuit & Dispute, International, Estate

Status: Licensed: 30 Years

CONTACT

2024 W Henrietta Rd, Rochester, NY 14623

Jeffrey Matthias Jayson

Estate Planning, Divorce & Family Law, Criminal

Status: Licensed: 34 Years

CONTACT

18 Thurston Rd, Rochester, NY 14619

Joanne Lynn Best

Industry Specialties, Estate, Divorce & Family Law, Civil & Human Rights

Status: Licensed: 32 Years

CONTACT

3 Main St S, Albion, NY 14411

800-814-6700

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LEGAL TERMS

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

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.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

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.

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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Morton Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gaetano Montalbano

Gregg Harold Redmond

Gregory Louis Piede

Henry Scovel Stewart

Henry Ward Williams

James E. Brown

James Henry Sickelco

Jason Sean Diponzio

Jeffrey Matthias Jayson

Joanne Lynn Best

TIPS

LEGAL TERMS

GROSS ESTATE

SPRINKLING TRUST

SURVIVING SPOUSE'S TRUST

OFFICER

REMAINDERMAN

RESIDUARY BENEFICIARY

REAL ESTATE AGENT

QTIP TRUST

TRUSTEE

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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