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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 Peter Brooke

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Bankruptcy & Debt, Divorce & Family Law, Foreclosure, Wills & Probate, Real Estate

My law firm is a full-service practice specializing in the areas of bankruptcy, foreclosure defense, mortgage/loan modifications as well as other area... (more)

FREE CONSULTATION

CONTACT

800-576-3140

85 W. Main Street, Bay Shore, NY 11706

Anthony Vincent Falcone

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Estate Planning

Mr. Falcone has extensive knowledge in estate planning for families of all ages and all income levels, Medicaid Asset Protection for seniors, Special ... (more)

CONTACT

631-319-7770

150 Motor Parkway, Hauppauge, NY 11788

James F. Misiano

Estate Planning, Personal Injury, Real Estate, Trusts

Status: In Good Standing

FREE CONSULTATION

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510 Broadhollow Road, Melville, NY 11747

David C. Jacobson

Corporate Tax, Gift Taxation, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

445 Broad Hollow Road, Melville, NY 11747

Andrew D. Blum

Wills & Probate, Family Law, Constitutional Law, Civil Rights

Status: In Good Standing

CONTACT

150 Motor Parkway, Hauppauge, NY 11788

Joseph A. Milligan

Other, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 66 Years

CONTACT

1641 Deer Park Ave, Deer Park, NY 11729

Dawn Walsh

Real Estate Other, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

5 Foxridge Circle, Dix Hills, NY 11746

Harold E. Gerry

Estate, Elder Law

Status: In Good Standing

CONTACT

330 Vanderbilt Motor Parkway, Hauppauge, NY 11788

John Thomas Henderson

Estate, Elder Law, Medicare & Medicaid

Status: In Good Standing Licensed: 23 Years

CONTACT

330 Motor Parkway, Hauppauge, NY 11788

Robert T. Rinear

Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

112 Farmingdale Road (Route 109), West Babylon, NY 11704

800-923-0641

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LEGAL TERMS

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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.

MARITAL LIFE ESTATE TRUST

See AB trust.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

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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Deer Park Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Peter Brooke

Anthony Vincent Falcone

James F. Misiano

David C. Jacobson

Andrew D. Blum

Joseph A. Milligan

Dawn Walsh

Harold E. Gerry

John Thomas Henderson

Robert T. Rinear

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LEGAL TERMS

ANCILLARY PROBATE

ADMINISTRATION (OF AN ESTATE)

ESTATE TAXES

MARITAL LIFE ESTATE TRUST

IRREVOCABLE TRUST

RULE AGAINST PERPETUITIES

OFFICER

SUCCESSOR TRUSTEE

ALTERNATE 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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