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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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William J Kita

Estate Planning, Family Law, Insurance, Litigation

Status:

CONTACT

2150 Main Place Tower, 350 Main Street, Buffalo, NY 14202

Adam Seth Markel

Wills & Probate, Family Law, Criminal, Transactions, Estate Planning

Status: Licensed: 15 Years

CONTACT

3976 Seneca St, Buffalo, NY 14224

Adam Louis Bojak

Other, Estate, Accident & Injury

Status: Licensed: 12 Years

CONTACT

43 Court St, Buffalo, NY 14202

Alana Patricia Carr

Foreclosure, Lawsuit & Dispute, Wills & Probate, Child Custody, Estate

Status: Licensed: 15 Years

CONTACT

159 Linwood Ave, Buffalo, NY 14209

Allison P. Gioia

Real Estate, Estate, Environmental Law

Status: Licensed: 27 Years

CONTACT

2 Niagara Square, Buffalo, NY 14202

Amber Augustine Jurek

Estate, Criminal

Status: Licensed: 15 Years

CONTACT

1775 Wehrle Dr, Buffalo, NY 14221

Amber E. Storr

Litigation, Estate Planning, Business & Trade, Products Liability

Status:

CONTACT

424 Main St, Buffalo, NY 14202

Amil Sarfraz

Real Estate, Immigration, Estate

Status: Licensed: 13 Years

CONTACT

70 Niagara St, Buffalo, NY 14202

Anastasia M. Stumpf

Litigation, Estate Planning, Business & Trade, Products Liability

Status: Licensed: 9 Years

CONTACT

1300 Liberty Building, Buffalo, NY 14202

Anastasios Loukas Bechakas

Real Estate, Estate

Status: Licensed: 30 Years

CONTACT

5330 Main St, Buffalo, NY 14221

800-814-6700

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LEGAL TERMS

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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.

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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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Athol Springs Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

William J Kita

Adam Seth Markel

Adam Louis Bojak

Alana Patricia Carr

Allison P. Gioia

Amber Augustine Jurek

Amber E. Storr

Amil Sarfraz

Anastasia M. Stumpf

Anastasios Loukas Bechakas

TIPS

LEGAL TERMS

WARRANTY DEED

NONPROBATE

IRREVOCABLE TRUST

ANCILLARY PROBATE

GENERATION-SKIPPING TRANSFER TAX

TAKING AGAINST THE WILL

BYPASS TRUST

ESTATE TAXES

HEIR AT LAW

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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