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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
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Gerald A. Vergilis

Commercial Real Estate, Estate Planning, Criminal, Corporate

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FREE CONSULTATION

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1136 Route 9, Wappingers Falls, NY 12590

M. Ellen O'Sullivan

Estate Administration, Family Law, Business & Trade, Personal Injury

Status:

CONTACT

1136 Route 9, Wappingers Falls, NY 12590

Michel P. Haggerty

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

Status:

CONTACT

6367 Mill Street, Rhinebeck, NY 12572

Steven Howard Klein

Divorce & Family Law, Child Custody, Child Support, Estate Planning

Status: Licensed: 27 Years

CONTACT

40 Garden Street, Poughkeepsie, NY 12601

Sharon M. Faulkner

Wills & Probate, Family Law, Child Support, Adoption, Divorce

Status: Licensed: 32 Years

CONTACT

301 Manchester Road, Poughkeepsie, NY 12603

Robert L. Ostertag

Estate Administration, Estate Planning, Corporate, Business Organization, Lawsuit & Dispute

Status: Licensed: 68 Years

CONTACT

301 Manchester Rd, Poughkeepsie, NY 12603

Gregory D. Supple

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

Status: Licensed: 48 Years

CONTACT

92 E Main St, Wappingers Falls, NY 12590

Jana M. Schopfer

Farms, Estate Planning, Family Law, Divorce

Status: Licensed: 18 Years

CONTACT

31 Collegeview Ave, Poughkeepsie, NY 12603

Karen P. MacNish

Real Estate, Litigation, Estate Planning, Family Law, Wills

Status: Licensed: 26 Years

CONTACT

10 Market St, Poughkeepsie, NY 12601

Robert B. Dietz

Wills & Probate, Trusts, Estate Planning, Business Organization, Real Estate

Status: Licensed: 57 Years

CONTACT

319 Mill St, Poughkeepsie, NY 12601

800-923-0641

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LEGAL TERMS

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

FAMILY POT TRUST

See pot trust.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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).

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.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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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Dutchess County, NY Estate Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Gerald A. Vergilis

M. Ellen O'Sullivan

Michel P. Haggerty

Steven Howard Klein

Sharon M. Faulkner

Robert L. Ostertag

Gregory D. Supple

Jana M. Schopfer

Karen P. MacNish

Robert B. Dietz

TIPS

LEGAL TERMS

TRUSTEE POWERS

TESTAMENTARY TRUST

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

FAMILY POT TRUST

ESTATE PLANNING

PER CAPITA

ESTATE TAXES

INTESTATE SUCCESSION

SPENDTHRIFT 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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