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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: Estate Administration, Living Wills, Wills

Wendy Marie Weathers

Bankruptcy & Debt, Foreclosure, Wills & Probate, Landlord-Tenant

Status: In Good Standing Licensed: 28 Years

CONTACT

4 New King St, White Plains, NY 10604

Nicole Varisco

Real Estate, Wills & Probate, Criminal, Banking & Finance

Status: In Good Standing Licensed: 14 Years

CONTACT

115 Stevens Ave, Valhalla, NY 10595

James T. Meyer

Landlord-Tenant, International Other, Wills & Probate, Employment

Status: In Good Standing Licensed: 36 Years

CONTACT

390 Bedford Rd, Pleasantville, NY 10570

John Edward Wren

Wills

Status: In Good Standing Licensed: 54 Years

CONTACT

433 Manville Rd, Pleasantville, NY 10570

Toni Anne Maida

Other, Lawsuit & Dispute, Wills, Business

Status: In Good Standing Licensed: 34 Years

CONTACT

433 Manville Rd, Pleasantville, NY 10570

Joanne C. Whalen

Landlord-Tenant, Lawsuit, Wills & Probate, Divorce & Family Law

Status: In Good Standing

CONTACT

2 Madison Ave, Valhalla, NY 10595

Salihah Rashida Denman

Dispute Resolution, Federal Appellate Practice, Wills, Child Support

Status: In Good Standing Licensed: 20 Years

CONTACT

84 N Broadway, White Plains, NY 10603

Amy Christine O'Hara

Health Care Other, Wills & Probate, Estate Planning, Employment

Status: In Good Standing

CONTACT

399 Knollwood Rd, White Plains, NY 10603

Amelia Theresa Delvecchio

Visa, Health Care, Wills & Probate, Employment

Status: In Good Standing Licensed: 62 Years

CONTACT

38 Pleasant Ridge Rd, Valhalla, NY 10595

800-923-0641

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LEGAL TERMS

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.

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.

DEVISEE

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

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).

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

SAMPLE LEGAL CASES

Matter of Colverd

... Spain, J. 972 Decedent died in 2000. Thereafter, petitionerâ€”decedent's unmarried companion of nearly 30 yearsâ€”commenced this proceeding in Surrogate's Court, as named executor, seeking probate of decedent's will. Three ...

MTR OF AMERICAN COMM. v. Dunn

... This appeal requires us to determine the standard applicable to a petition to vacate a probate decree brought by a nonparty to an initial probate proceeding and based upon "newlydiscovered evidence," which allegedly demonstrates that a probated will was procured through ...

Matter of Paigo

... Decedent died in June 2006 and petitioner sought to probate the will. ... Petitioner then moved for summary judgment 838 seeking dismissal of the objections and admitting the will to probate. Concluding that issues of fact existed, Surrogate's Court denied the motion. ...

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Armonk Wills & Probate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Wendy Marie Weathers

Nicole Varisco

James T. Meyer

John Edward Wren

Toni Anne Maida

Joanne C. Whalen

Salihah Rashida Denman

Amy Christine O'Hara

Amelia Theresa Delvecchio

TIPS

LEGAL TERMS

INTESTATE

ESTATE TAXES

ENTITY

DEVISEE

CHARITABLE TRUST

FAILURE OF ISSUE

QTIP TRUST

TRUSTEE

PER CAPITA

SAMPLE LEGAL CASES

Matter of Colverd

MTR OF AMERICAN COMM. v. Dunn

Matter of Paigo

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