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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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Andrew William Meier

Estate Planning

Status: In Good Standing Licensed: 20 Years

CONTACT

113 W Center St, Medina, NY 14103

Benjamin James Bonarigo

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing

CONTACT

18 Ellicott St, Batavia, NY 14020

Conrad Franklin Cropsey

Real Estate, Government, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 49 Years

CONTACT

109 N Main St, Albion, NY 14411

Daniel Leonard Schoenborn

Lawsuit & Dispute, Estate, Accident & Injury

Status: In Good Standing Licensed: 52 Years

CONTACT

167 Golden Pond Est, Akron, NY 14001

David Carl Schubel

Real Estate, Government, Estate, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

113 W Center St, Medina, NY 14103

Dennis John Annechino

Estate

Status: In Good Standing Licensed: 23 Years

CONTACT

5384 Brockport Spencerport Rd, Brockport, NY 14420

Douglas Mark Heath

Government, Estate, Business

Status: In Good Standing Licensed: 39 Years

CONTACT

66 Public Square, Holley, NY 14470

Ernest Murray Found

Wills, Estate Planning, Wills & Probate

Status: In Good Standing Licensed: 73 Years

CONTACT

Batavia, NY 14020

Gerald O. Williams

Real Estate, Estate, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 70 Years

CONTACT

2 Court Street Plaza, Batavia, NY 14020

Jane A C Schmieder

Timeshare, Motor Vehicle, Estate, Workers' Compensation

Status: In Good Standing Licensed: 32 Years

CONTACT

11172 Silver Rd, East Bethany, NY 14054

800-923-0641

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LEGAL TERMS

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

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.

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).

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.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

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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Elba Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew William Meier

Benjamin James Bonarigo

Conrad Franklin Cropsey

Daniel Leonard Schoenborn

David Carl Schubel

Dennis John Annechino

Douglas Mark Heath

Ernest Murray Found

Gerald O. Williams

Jane A C Schmieder

TIPS

LEGAL TERMS

SPRINKLING TRUST

DISCHARGE (OF PROBATE ADMINISTRATOR)

SPENDTHRIFT TRUST

CHARITABLE TRUST

GENERATION-SKIPPING TRANSFER TAX

SURVIVING SPOUSE'S TRUST

DEATH TAXES

POWER OF APPOINTMENT

GRANTOR

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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