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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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Includes: Gift Taxation

Elena Villafane

Family Law, Contract, Trusts, Estate Planning

Status: In Good Standing

FREE CONSULTATION

CONTACT

One School Street, Glen Cove, NY 11542

Massimo A. Santoli

International, Trusts, Estate Planning, Estate

Status: In Good Standing

CONTACT

1010 Northern Blvd., Great Neck, NY 11021

Arfa Mahmud

Estate Planning, Trusts

Status: In Good Standing

CONTACT

1010 Northern Blvd., Great Neck, NY 11021

Edward A. Andrews

Commercial Real Estate, Estate Planning, Family Law, Divorce & Family Law

Status: In Good Standing Licensed: 26 Years

CONTACT

45 Dosoris Way, Glen Cove, NY 11542

Charles G McQuair

Estate Planning, Divorce, DUI-DWI, Criminal

Status: Retired Licensed: 66 Years

CONTACT

6 Forest Avenue, Glen Cove, NY 11542

Colton P. Wagner

Wills, Trusts, Gift Taxation, Commercial Real Estate

Status: In Good Standing Licensed: 75 Years

CONTACT

147 Forest Ave, Locust Valley, NY 11560

Bruce H. Willner

Commercial Real Estate, Estate Planning, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 80 Years

CONTACT

25 Peach Dr, Roslyn, NY 11576

Gregory Laurence Matalon

Estate Administration, Estate Planning, Elder Law, Reorganization

Status: In Good Standing Licensed: 26 Years

CONTACT

100 Jericho Quadrangle, Jericho, NY 11753

800-923-0641

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LEGAL TERMS

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

SURROGATE COURT

See probate court.

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.

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.

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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Sea Cliff Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Elena Villafane

Massimo A. Santoli

Arfa Mahmud

Edward A. Andrews

Charles G McQuair

Colton P. Wagner

Bruce H. Willner

Gregory Laurence Matalon

TIPS

LEGAL TERMS

ESTATE TAXES

OFFICER

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

TESTAMENTARY TRUST

DISTRIBUTEE

SURVIVING SPOUSE'S TRUST

SURROGATE COURT

PERSONAL PROPERTY

SWEARING MATCH

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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