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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.
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Includes: Gift Taxation

John W. D. Fenner

Estate Planning, Wills, Living Wills

Status: In Good Standing Licensed: 36 Years

CONTACT

183 N River Dr, Beacon, NY 12508

David A. Rubel

Social Security -- Disability, Estate Planning, DUI-DWI, Divorce, Landlord-Tenant

Status: In Good Standing Licensed: 13 Years

FREE CONSULTATION

CONTACT

621 Route 52, Beacon, NY 12508

Abigail Demusis Apuzzo

General Practice

Status: In Good Standing Licensed: 11 Years

CONTACT

1705 Route 9D, Cold Spring, NY 10516

Abigail Demusis Apuzzo

Estate Planning, Litigation, Corporate, Tax

Status: In Good Standing Licensed: 11 Years

CONTACT

1705 Route 9D, Cold Spring, NY 10516

Patricia Ann Cocchia

Commercial Real Estate, Estate Planning, Family Law, Civil Rights

Status: In Good Standing Licensed: 26 Years

CONTACT

55 Quaker Ave, Cornwall, NY 12518

Kevin V. Brennan

Commercial Real Estate, Estate Planning, Criminal

Status: In Good Standing Licensed: 49 Years

CONTACT

284 Main St, Cornwall, NY 12518

Angela Zagreda Nikci

DUI-DWI, Traffic, Estate Planning, Business

Status: In Good Standing

CONTACT

2117 Crompond Road, Cortlandt Manor, NY 10567

Neil H. Reig

Health Care, Estate Planning, Elder Law, Civil & Human Rights

Status: In Good Standing Licensed: 37 Years

CONTACT

67 Lakeside Rd, Mount Kisco, NY 10549

Richard J. Drake

Real Estate, Estate Planning, Environmental Law, Business

Status: In Good Standing

CONTACT

555 Hudson Valley Ave, New Windsor, NY 12553

William J. Larkin

Estate Planning, Family Law, Divorce, Criminal

CONTACT

356 Meadow Avenue, Newburgh, NY 12550

800-923-0641

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LEGAL TERMS

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

FAILURE OF ISSUE

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

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

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.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Garrison Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John W. D. Fenner

David A. Rubel

Abigail Demusis Apuzzo

Abigail Demusis Apuzzo

Patricia Ann Cocchia

Kevin V. Brennan

Angela Zagreda Nikci

Neil H. Reig

Richard J. Drake

William J. Larkin

TIPS

LEGAL TERMS

INTESTATE SUCCESSION

SPECIFIC BEQUEST

FAILURE OF ISSUE

SUCCESSOR TRUSTEE

ADMINISTRATION (OF AN ESTATE)

INTESTATE

REAL ESTATE AGENT

LAPSE

EXEMPTION TRUST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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