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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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Includes: Gift Taxation

Jason L. Cassidy

Criminal, Estate Planning, Family Law, Litigation, Workers' Compensation

Status: In Good Standing

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3300 Vickery Road, Syracuse, NY 13212

David L Delvecchio

Bankruptcy, Contract, Estate Planning, Family Law

Status: In Good Standing

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109 South Warren Street, Syracuse, NY 13202

Michael J. Ranieri

Animal Bite, Criminal, DUI-DWI, Estate Planning

Status: In Good Standing

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407 South Warren Street, Syracuse, NY 13202

Karin Sloan Delaney

Real Estate, Estate Planning, Estate, Elder Law

Status: In Good Standing

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8 River St, Baldwinsville, NY 13027

Harvey Robert Lasner

Wills, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 54 Years

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6661 Kirkville Road, East Syracuse, NY 13057

Jaime Rose

Elder Law, Medical Malpractice, Trusts, Estate Planning

Status: In Good Standing

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6661 Kirkville Road, East Syracuse, NY 13057

Gwen Z. Gou

Business, Gift Taxation

Status: In Good Standing

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110 West Fayette Street, Syracuse, NY 13202

Terri Conti York

Real Estate, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing Licensed: 36 Years

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3 Henry Beach Drive, Camillus, NY 13031

Daniel G. Cantone

Federal Appellate Practice, Estate Planning, Collaborative Law, Family Law

Status: In Good Standing Licensed: 43 Years

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5426 W Genesee St, Camillus, NY 13031

Stephen T. McMahon

Mental Health, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing Licensed: 39 Years

CONTACT

4942 Bulrush Rd, Syracuse, NY 13215

800-923-0641

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LEGAL TERMS

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

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.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

DEVISEE

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

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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Mexico Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jason L. Cassidy

David L Delvecchio

Michael J. Ranieri

Karin Sloan Delaney

Harvey Robert Lasner

Jaime Rose

Gwen Z. Gou

Terri Conti York

Daniel G. Cantone

Stephen T. McMahon

TIPS

LEGAL TERMS

SPRINKLING TRUST

DISTRIBUTEE

SELF-PROVING WILL

GROSS ESTATE

IN TERROREM

RULE AGAINST PERPETUITIES

PERSONAL PROPERTY

INHERIT

DEVISEE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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