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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

Arthur Shapiro

Real Estate, Estate Planning, Family Law, Criminal

Status: In Good Standing

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10 Matthews Street, Goshen, NY 10924

Suzan Dann Paras

Wills & Probate, Estate Planning, Legal Malpractice, Animal Bite

Status: In Good Standing

FREE CONSULTATION

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1 Dolson Ave., Middletown, NY 10940

Richard B Golden

Construction, Estate Planning, Corporate, Contract

Status: In Good Standing

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40 Matthews St., Goshen, NY 10924

Jason Rosenwasser

Estate Planning, Family Law, Litigation, Car Accident

Status: In Good Standing

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201 Ward Street, Montgomery, NY 12549

Sarah Jane Fetherston

Elder Law, Wills & Probate, Estate Planning, Estate

Status: In Good Standing

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43 Chester Hill Rd, Warwick, NY 10990

Emil Robert Krahulik

Real Estate, Commercial Bankruptcy, Estate Planning

Status: In Good Standing Licensed: 66 Years

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2 Bank St, Warwick, NY 10990

Charles A Judelson

Corporate, Business Organization, Elder Law, Estate Planning

Status: In Good Standing

CONTACT

10 Matthews St, Goshen, NY 10924

Erno C. Poll

Wills, Estate Planning, Family Law, Divorce

Status: In Good Standing Licensed: 39 Years

CONTACT

726 E Main St, Middletown, NY 10940

Scott R. Goldstein

Social Security -- Disability, Estate Planning, Workers' Compensation, Employment

Status: In Good Standing Licensed: 30 Years

CONTACT

100 Crystal Run Rd, Middletown, NY 10941

800-923-0641

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

SURROGATE COURT

See probate court.

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.'

TESTAMENTARY TRUST

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

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

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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Unionville Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Arthur Shapiro

Suzan Dann Paras

Richard B Golden

Jason Rosenwasser

Sarah Jane Fetherston

Emil Robert Krahulik

Charles A Judelson

Erno C. Poll

Scott R. Goldstein

TIPS

LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

ANCILLARY PROBATE

PROBATE

DEATH TAXES

SURROGATE COURT

TRUST CORPUS

TESTAMENTARY TRUST

HOLOGRAPHIC WILL

CONTINGENT BENEFICIARY

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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