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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
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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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Includes: Gift Taxation

John Martin Bigler

Real Estate, Elder Law, Estate Planning

Status: In Good Standing Licensed: 47 Years

CONTACT

1421 Wantagh Ave, Wantagh, NY 11793

George Neofitos

Estate Planning, Employment Contracts, Corporate, Contract

Status: In Good Standing Licensed: 28 Years

CONTACT

115B Broadway, Hicksville, NY 11801

Adam Jay Gottlieb

International Tax, Elder Law, Estate Planning, Estate

Status: In Good Standing

CONTACT

100 Broadhollow Rd, Farmingdale, NY 11735

Louis Devito

Elder Law, Estate Planning, Guardianships & Conservatorships, Commercial Real Estate

Status: In Good Standing

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333 Earle Ovington Boulevard, Uniondale, NY 11553

Joanne Diamond Blutter

Real Estate, Estate Planning, Family Law, Contract

Status: In Good Standing Licensed: 38 Years

CONTACT

497 S Oyster Bay Rd, Plainview, NY 11803

Victor M. Finmann

Tax, Wills & Probate, Estate Planning, Pension & Benefits

Status: In Good Standing Licensed: 49 Years

CONTACT

100 Quentin Roosevelt Blvd, Garden City, NY 11530

Gregory Laurence Matalon

Estate Administration, Estate Planning, Elder Law, Reorganization

Status: In Good Standing Licensed: 26 Years

CONTACT

100 Jericho Quadrangle, Jericho, NY 11753

Barbara L. Paltrow

Estate Planning, Trusts

Status: In Good Standing Licensed: 71 Years

CONTACT

21 Ocean Ave, Massapequa, NY 11758

800-923-0641

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LEGAL TERMS

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.

SUCCESSOR TRUSTEE

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

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

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.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Levittown Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Martin Bigler

George Neofitos

Adam Jay Gottlieb

Louis Devito

Joanne Diamond Blutter

Victor M. Finmann

Gregory Laurence Matalon

Barbara L. Paltrow

TIPS

LEGAL TERMS

DOWER AND CURTESY

SUCCESSOR TRUSTEE

BYPASS TRUST

TRUST CORPUS

TRUST MERGER

SPENDTHRIFT TRUST

PETITION

SWEARING MATCH

INVESTOR

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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