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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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John Weber

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Bankruptcy & Debt, Real Estate, Estate, Credit & Debt, Collection

With the singular focus of individual Bankruptcy Law, we bring a collective effort to delivering personalized and effective representation to each of ... (more)

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CONTACT

800-910-2530

PO box 866, Amityville, NY 11701

John Vaughn

Corporate, Business Organization, Criminal, Estate Administration

Status: In Good Standing

CONTACT

72 E Main St, Babylon, NY 11702

George Evangelos Patsis

Criminal, Divorce & Family Law, Estate, Real Estate

Status: In Good Standing Licensed: 24 Years

CONTACT

152 N Wellwood Ave, Lindenhurst, NY 11757

Anthony Thomas Ballato

Lawsuit & Dispute, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing

CONTACT

5476 Merrick Road, Massapequa, NY 11758

Joseph A. Milligan

Other, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 66 Years

CONTACT

1641 Deer Park Ave, Deer Park, NY 11729

Mildred J. Michalczyk

Real Estate, Immigration, Divorce & Family Law, Estate

Status: In Good Standing

CONTACT

16 Walnut Avenue East, Farmingdale, NY 11735

Robert T. Rinear

Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

112 Farmingdale Road (Route 109), West Babylon, NY 11704

Rand P. Schwartz

Lawsuit & Dispute, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 58 Years

CONTACT

1000 Park Blvd, Massapequa Park, NY 11762

Gerard J. Glass

Election & Political, Estate Planning, Family Law, Corporate

Status: In Good Standing Licensed: 40 Years

CONTACT

72 E Main St, Babylon, NY 11702

Seth Harlan Schwartz

Health Care, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

1004 N Ontario Ave, Lindenhurst, NY 11757

800-923-0641

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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

MARITAL LIFE ESTATE TRUST

See AB 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.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

FUNDING A TRUST

Transferring ownership of property to a trust.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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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Copiague Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Weber

John Vaughn

George Evangelos Patsis

Anthony Thomas Ballato

Joseph A. Milligan

Mildred J. Michalczyk

Robert T. Rinear

Rand P. Schwartz

Gerard J. Glass

Seth Harlan Schwartz

TIPS

LEGAL TERMS

TITLE COMPANY

ACCUMULATION TRUST

MARITAL LIFE ESTATE TRUST

ESTATE TAXES

GRANT DEED

FUNDING A TRUST

OFFICER

ENDOWMENT INSURANCE

GENERATION-SKIPPING TRUST

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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