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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
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Steven Eugene Bach

Intellectual Property, Estate, Real Estate, Business

Meet Steven Bach, a skilled lawyer with extensive experience in the field of Intellectual Property law. With a passion for protecting and defending th... (more)

CONTACT

610-209-7063

44 Gardner Street, Whitesboro, NY 13492

George E Curtis

Litigation, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

2045 Genesee Street, Utica, NY 13501

Keith A. Eisenhut

Family Law, Banking & Finance, Wills & Probate, Collaborative Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

1602 Sunset Ave, Utica, NY 13502

Rebecca Russell Hanft

Real Estate, Industry Specialties, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 14 Years

CONTACT

7364 Bonney Hill Road, Hamilton, NY 13346

Victoria Quesada

Estate, Wrongful Termination, Criminal, Defamation & Slander

Status: In Good Standing Licensed: 48 Years

CONTACT

35 University Ave, Hamilton, NY 13346

Elizabeth Ann Kenny

Estate Planning, Divorce & Family Law, Elder Law

Status: In Good Standing Licensed: 21 Years

CONTACT

146 Stafford Ave, Waterville, NY 13480

Patricia Shaffer Bobrow

Foreclosure, Real Estate, Estate, Elder Law, Banking & Finance

Status: In Good Standing

CONTACT

4-6 North Park Row, Clinton, NY 13323

Kenneth L. Bobrow

Wills & Probate, Sexual Harassment, Medical Malpractice, Car Accident

Status: In Good Standing

CONTACT

46 N Park Row, Clinton, NY 13323

Philip L. Evans

Real Estate, Estate, Contract, Business

Status: In Good Standing

CONTACT

46 N Park Row, Clinton, NY 13323

Christopher Daveid Thorpe

Lawsuit, Intellectual Property, Estate, Employment

Status: In Good Standing Licensed: 17 Years

CONTACT

340 Main St, Oneida, NY 13421

800-923-0641

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LEGAL TERMS

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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.'

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.

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.

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.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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.

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.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

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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Solsville Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven Eugene Bach

George E Curtis

Keith A. Eisenhut

Rebecca Russell Hanft

Victoria Quesada

Elizabeth Ann Kenny

Patricia Shaffer Bobrow

Kenneth L. Bobrow

Philip L. Evans

Christopher Daveid Thorpe

TIPS

LEGAL TERMS

CHARITABLE TRUST

LIVING TRUST

ABATEMENT

BYPASS TRUST

QTIP TRUST

ESTATE PLANNING

ENTITY

ESTATE TAXES

INCOMPETENCE

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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