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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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David P. Badanes

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Divorce & Family Law, Estate, Bankruptcy & Debt

Choosing your divorce, family or criminal defense lawyer is one of the most important decisions you will ever make. David Badanes Esq. has extensi... (more)

FREE CONSULTATION

CONTACT

631-239-1702

842 Route 25A, Northport, NY 11768

Eliot M. Rudick

Corporate, Estate Planning, Family Law, Real Estate

Status: In Good Standing

CONTACT

150 Vanderbilt Motor Parkway, Hauppauge, NY 11788

Kenneth F. Grabie

Wills & Probate, Government Agencies, Health Care, Wills

Status: In Good Standing

CONTACT

162 Terry Road, Smithtown, NY 11787

Alexander Jordanselwyn Rosenblum

Commercial Real Estate, State Government, Estate Planning, Business & Trade

Status: In Good Standing Licensed: 8 Years

CONTACT

308 W Main St, Smithtown, NY 11787

Annamarie Donovan

Litigation, Trusts, Employment, Wrongful Death

Status: In Good Standing Licensed: 31 Years

CONTACT

1200 Veterans Hwy, Smithtown, NY 11788

Arthur Edward Olmstead

Real Estate, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 42 Years

CONTACT

514 Larkfield Rd, East Northport, NY 11731

Ashleigh Gough

Real Estate, Estate

Status: In Good Standing Licensed: 14 Years

CONTACT

180 E Main St, Smithtown, NY 11787

Barbara B. Ohlig

Estate Planning, Commercial Real Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

514 Larkfield Rd, East Northport, NY 11731

Brenda M. Lynch

Litigation, Estate, Wrongful Termination, Defamation & Slander

Status: In Good Standing Licensed: 27 Years

CONTACT

1 Indian Head Rd, Commack, NY 11725

Bridget Theresa Faldetta

Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

732 Smithtown Bypass, Smithtown, NY 11787

800-923-0641

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LEGAL TERMS

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

NET ESTATE

The value of all property owned at death less liabilities or debts.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

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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Kings Park Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David P. Badanes

Eliot M. Rudick

Kenneth F. Grabie

Alexander Jordanselwyn Rosenblum

Annamarie Donovan

Arthur Edward Olmstead

Ashleigh Gough

Barbara B. Ohlig

Brenda M. Lynch

Bridget Theresa Faldetta

TIPS

LEGAL TERMS

DEATH TAXES

NET ESTATE

EXECUTOR

INVESTOR

ENTITY

DOWER AND CURTESY

SUMMARY PROBATE

DISTRIBUTEE

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

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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