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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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Gregory M. Dennin

Real Estate, Lawsuit & Dispute, Estate, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

2745 Main St, Lake Placid, NY 12946

Carl J. Rubino

Real Estate, Industry Specialties, Estate, Accident & Injury

Status: In Good Standing Licensed: 51 Years

CONTACT

Wilmington, NY 12997

Edward B. Flink

Traffic, Litigation, Estate Planning, Products Liability, Personal Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

2577 Main St, Lake Placid, NY 12946

Joel Philip Peller

Lawsuit & Dispute, Estate, Business

Status: In Good Standing Licensed: 31 Years

CONTACT

2276 Saranac Ave, Lake Placid, NY 12946

Joel Philip Peller

Estate, Business

Status: In Good Standing Licensed: 31 Years

CONTACT

2276 Saranac Ave, Lake Placid, NY 12946

William M. Finucane

Social Security, Estate, Divorce, Criminal

Status: In Good Standing Licensed: 43 Years

CONTACT

103 Hand Avenue, Elizabethtown, NY 12932

Katherine Anne Giovacco

Real Estate, Lawsuit, Immigration, Estate

Status: In Good Standing

CONTACT

7559 Court St, Elizabethtown, NY 12932

Miriam Cecile Hadden

Divorce & Family Law, Criminal, Estate, Medical Products & Devices

Status: In Good Standing Licensed: 20 Years

CONTACT

7551 Court St, Elizabethtown, NY 12932

Jill Choate Beier

Estate Planning, Criminal, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

1936 Saranac Ave, Lake Placid, NY 12946

Christopher Edwin Cooper

Real Estate, Government, Estate

Status: In Good Standing Licensed: 16 Years

CONTACT

1133 Ny Route 86, Ray Brook, NY 12977

800-923-0641

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LEGAL TERMS

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

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.

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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Keene Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gregory M. Dennin

Carl J. Rubino

Edward B. Flink

Joel Philip Peller

Joel Philip Peller

William M. Finucane

Katherine Anne Giovacco

Miriam Cecile Hadden

Jill Choate Beier

Christopher Edwin Cooper

TIPS

LEGAL TERMS

POUR-OVER WILL

DEVISEE

ABATEMENT

GENERATION-SKIPPING TRANSFER TAX

LIVING TRUST

DISINHERIT

INHERITANCE TAXES

INTER VIVOS TRUST

QTIP TRUST

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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