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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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James Gregory Yastion

Real Estate, Lawsuit & Dispute, Estate Planning, Estate

Status: In Good Standing Licensed: 23 Years

CONTACT

275 Main St, New Paltz, NY 12561

Joseph M. Moriello

Estate

Status: In Good Standing Licensed: 48 Years

CONTACT

400 Upper North Rd, Highland, NY 12528

James Joseph Morrissey

Real Estate, Estate

Status: In Good Standing Licensed: 33 Years

CONTACT

231 Main St, New Paltz, NY 12561

John G Sisti

Education, Estate, Divorce & Family Law, Criminal, Child Custody

Status: In Good Standing Licensed: 51 Years

CONTACT

207 Main St, New Paltz, NY 12561

Meghan O'Donnell Mossey

Wills, Family Law, Business & Trade, Personal Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

2 Jefferson Plaza, Poughkeepsie, NY 12601

Lillian Sandra Weigert

Construction, Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

80 Washington St, Poughkeepsie, NY 12601

Roland Easton Butts

Real Estate, Estate, Business

Status: In Good Standing Licensed: 51 Years

CONTACT

80 Washington St, Poughkeepsie, NY 12601

Stephen Martin Saland

Real Estate, Estate, Employment

Status: In Good Standing Licensed: 56 Years

CONTACT

80 Washington St, Poughkeepsie, NY 12601

Paul David Schwartzberg

Foreclosure, Estate, Divorce, Civil & Human Rights

Status: In Good Standing Licensed: 37 Years

CONTACT

108 Main St, New Paltz, NY 12561

George D. Marlow

Other, Real Estate, Estate

Status: In Good Standing Licensed: 58 Years

CONTACT

63 Washington St, Poughkeepsie, NY 12602

800-923-0641

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LEGAL TERMS

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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.

NET ESTATE

The value of all property owned at death less liabilities or debts.

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.

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.

SUCCESSOR TRUSTEE

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

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

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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Highland Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James Gregory Yastion

Joseph M. Moriello

James Joseph Morrissey

John G Sisti

Meghan O'Donnell Mossey

Lillian Sandra Weigert

Roland Easton Butts

Stephen Martin Saland

Paul David Schwartzberg

George D. Marlow

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LEGAL TERMS

GROSS ESTATE

PRETERMITTED HEIR

RESIDUARY BENEFICIARY

GENERATION-SKIPPING TRUST

NET ESTATE

SPECIFIC BEQUEST

SURVIVING SPOUSE'S TRUST

SUCCESSOR TRUSTEE

WARRANTY DEED

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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