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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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Scott A Russell

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Criminal, Wills & Probate, Employee Rights, Banking & Finance

With experience serving the public as an Assistant District Attorney, prosecuting minor traffic infractions and serious felony offenses, as public def... (more)

FREE CONSULTATION

CONTACT

800-305-4491

P.O. Box 622, Rock Hill, NY 12775

E. Danielle Jose-Decker

Family Law, Land Use & Zoning, Wills, Traffic

Status: In Good Standing

CONTACT

17 St. John Street, Monticello, NY 12701

David Hosse

Banking & Finance, Wills & Probate, Trusts, Power of Attorney

Status: In Good Standing

CONTACT

1002 County Rd 95, North Branch, NY 12766

Martin S Miller

Real Estate, Litigation, Lawsuit & Dispute, Estate

Status: In Good Standing

CONTACT

4861 State Route 52, Jeffersonville, NY 12748

S Richard Gross

Reinsurance, Personal Injury, Commercial Real Estate, Trusts

Status: In Good Standing Licensed: 68 Years

CONTACT

9 Maple St, Liberty, NY 12754

Martin Howard Hersh

Estate, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 44 Years

CONTACT

4 Asthalter Road, Liberty, NY 12754

Heidi Horak

Commercial Real Estate, Land Use & Zoning, Wills, Trusts

Status: In Good Standing Licensed: 34 Years

CONTACT

Livingston Manor, NY 12758

Theodore Richard Rogowski

Status: In Good Standing Licensed: 67 Years

CONTACT

1924 Beaverkill Rd, Livingston Manor, NY 12758

Gary Paul Gottlieb

General Practice

Status: In Good Standing Licensed: 39 Years

CONTACT

1966 State Route 52, Liberty, NY 12754

Martin Stuart Miller

Commercial Real Estate, Estate, Traffic

Status: In Good Standing

CONTACT

P.O. Box 1126, Monticello, NY 12701

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.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

FAMILY POT TRUST

See pot trust.

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).

CREDIT SHELTER TRUST

See AB trust.

FAILURE OF ISSUE

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

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.

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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Callicoon Center Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Scott A Russell

E. Danielle Jose-Decker

David Hosse

Martin S Miller

S Richard Gross

Martin Howard Hersh

Heidi Horak

Theodore Richard Rogowski

Gary Paul Gottlieb

Martin Stuart Miller

TIPS

LEGAL TERMS

HEIR APPARENT

EXEMPTION TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

TRUST MERGER

FAMILY POT TRUST

CHARITABLE TRUST

CREDIT SHELTER TRUST

FAILURE OF ISSUE

GENERATION-SKIPPING TRANSFER TAX

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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