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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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Kenneth J. Gould

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Real Estate, Estate, Wills & Probate, Business

At Marcus, Gould & Sussman, LLP, we provide exceptional representation in a broad range of transactional, planning and litigation matters. With law of... (more)

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914-683-0090

222 Bloomingdale Road, White Plains, NY 10605

Lee David Auerbach

Divorce & Family Law, Accident & Injury, Business, Estate

Status: In Good Standing

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White Plains Office, 81 Main Street, White Plains, NY 10601

Arthur E. Olmstead

Elder Law, Wills & Probate, Trusts, Wills

Status: In Good Standing

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14 Mamaroneck Avenue, White Plains, NY 10601

Anthony L. Zanazzi

Real Estate, Wills & Probate, Estate Planning, Corporate

Status: In Good Standing

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235 Main Street, White Plains, NY 10601

Robert S. Lewis

Bankruptcy & Debt, Divorce & Family Law, Estate Planning, Real Estate, Criminal

Status: In Good Standing Licensed: 37 Years

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53 Burd Street, Nyack, NY 10960

Susan B. Slater-Jansen

Estate, Estate Planning, Trusts, Wills & Probate

Status: In Good Standing Licensed: 43 Years

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399 Knollwood Road, White Plains, NY 10603

Sonia M. Tanksley

Criminal, Immigration, Real Estate, Estate

Status: In Good Standing Licensed: 32 Years

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377 Ashford Ave, Dobbs Ferry, NY 10522

David Howe

Real Estate, Litigation, Estate, Contract

Status: In Good Standing Licensed: 40 Years

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328 North Broadway, Upper Nyack, NY 10960

Peter Howard Tilem

Criminal, Family Law, Personal Injury, Wills & Probate

Status: In Good Standing

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188 East Post Road, White Plains, NY 10601

Regina Kelly

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

Status: In Good Standing Licensed: 42 Years

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99 Court St, White Plains, NY 10601

800-923-0641

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

CREDIT SHELTER TRUST

See AB trust.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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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Tarrytown Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kenneth J. Gould

Lee David Auerbach

Arthur E. Olmstead

Anthony L. Zanazzi

Robert S. Lewis

Susan B. Slater-Jansen

Sonia M. Tanksley

David Howe

Peter Howard Tilem

Regina Kelly

TIPS

LEGAL TERMS

CERTIFICATION OF TRUST

ACCUMULATION TRUST

GENERATION-SKIPPING TRANSFER TAX

INHERITANCE TAXES

PETITION

PROPERTY CONTROL TRUST

PER STIRPES

CREDIT SHELTER TRUST

BENEFICIARY

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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