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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.
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Glenn Warren Magnell

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Criminal, DUI-DWI, Traffic, Divorce, Wills & Probate

Any unwanted contact with the police can be scary....even being stopped for a simple traffic offense can be stressful and scary. Actually being arres... (more)

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CONTACT

800-736-2670

162 Main Street, Goshen, NY 10924

Arthur Shapiro

Real Estate, Estate Planning, Family Law, Criminal

Status: In Good Standing

CONTACT

10 Matthews Street, Goshen, NY 10924

Richard J. Shapiro

Government Agencies, Wills & Probate, Corporate, Banking & Finance

Status: In Good Standing

CONTACT

10 Matthews Street, Goshen, NY 10924

Mindy Menke

Wills & Probate, Government Agencies, Wills, Trusts

Status: In Good Standing

CONTACT

10 Matthews Street, Goshen, NY 10924

Richard B Golden

Construction, Estate Planning, Corporate, Contract

Status: In Good Standing

CONTACT

40 Matthews St., Goshen, NY 10924

Rita G. Rich

Residential Real Estate, Municipal, Wills & Probate, Lending

Status: In Good Standing

CONTACT

10 Matthews Street, Goshen, NY 10924

Charles A. Judelson

Real Estate, Trusts, Wills & Probate

Status: In Good Standing Licensed: 57 Years

CONTACT

10 Matthews St, Goshen, NY 10924

Ian Lawrence Schlanger

Litigation, Municipal, Wills & Probate, Corporate

Status: In Good Standing Licensed: 19 Years

CONTACT

171 Mechanic St, Goshen, NY 10924

Ronald Jay Cohen

Tax, Real Estate, Trusts, Employment

Status: In Good Standing Licensed: 44 Years

CONTACT

40 Matthews St, Goshen, NY 10924

Louis H. Sherwin

Banking & Finance, Wills & Probate, Real Estate, Corporate

Status: In Good Standing

CONTACT

34 Grove Street, Middletown, NY 10940

800-923-0641

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

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.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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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Goshen Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Glenn Warren Magnell

Arthur Shapiro

Richard J. Shapiro

Mindy Menke

Richard B Golden

Rita G. Rich

Charles A. Judelson

Ian Lawrence Schlanger

Ronald Jay Cohen

Louis H. Sherwin

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LEGAL TERMS

CERTIFICATION OF TRUST

LETTERS TESTAMENTARY

CHARITABLE TRUST

NONPROBATE

GENERATION-SKIPPING TRANSFER TAX

PREDECEASED SPOUSE

ENDOWMENT INSURANCE

AB TRUST

PUBLIC ADMINISTRATOR

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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