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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
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Includes: Gift Taxation

Adam L. Scharf

Criminal, Estate Planning, Family Law, Real Estate

Status: In Good Standing

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1025 Westchester Avenue, West Harrison, NY 10604

Anthony L. Zanazzi

Real Estate, Wills & Probate, Estate Planning, Corporate

Status: In Good Standing

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235 Main Street, White Plains, NY 10601

Barry D Marcus

Business Organization, Contract, Estate Planning, Family Law

Status: In Good Standing

FREE CONSULTATION

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145 Huguenot Avenue, New Rochelle, NY 10801

Carolyn J. Strassberg

Wills & Probate, Elder Law, Estate Planning, Wills

Status: In Good Standing

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One Blue Hill Plaza, Pearl River, NY 10965

Jonathan S. Klein

Contract, Criminal, DUI-DWI, Estate Planning

Status: In Good Standing

FREE CONSULTATION

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145 Huguenot Avenue, New Rochelle, NY 10801

Lauren McCallion

Gift Taxation, Estate Administration, Estate Planning

Status: In Good Standing

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909 Midland Avenue, Yonkers, NY 10704

Lori J. Perlman

Wills & Probate, Estate Planning, Wills, Trusts

Status: In Good Standing

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One Blue Hill Plaza, Pearl River, NY 10965

Michelle H. Frank

Business Organization, Wills & Probate, Estate Planning, Tax

Status: In Good Standing

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One Blue Hill Plaza, Pearl River, NY 10965

Patricia G. Micek

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

Status: In Good Standing

FREE CONSULTATION

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2180 Boston Post Road, Larchmont, NY 10538

Richard G. Gugliotta

Estate Administration, Estate Planning, Guardianships & Conservatorships, Living Wills

Status: In Good Standing

FREE CONSULTATION

CONTACT

145 Huguenot Street, New Rochelle, NY 10801

800-923-0641

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LEGAL TERMS

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

CURATOR

See conservator.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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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Yonkers Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Adam L. Scharf

Anthony L. Zanazzi

Barry D Marcus

Carolyn J. Strassberg

Jonathan S. Klein

Lauren McCallion

Lori J. Perlman

Michelle H. Frank

Patricia G. Micek

Richard G. Gugliotta

TIPS

LEGAL TERMS

HEIR APPARENT

PRETERMITTED HEIR

BANKRUPTCY ESTATE

PROPERTY CONTROL TRUST

ENTITY

DOWER AND CURTESY

RESIDUARY BENEFICIARY

CURATOR

SPECIFIC BEQUEST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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