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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
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John Gerard Muller

Estate

Status: Licensed: 23 Years

CONTACT

16 Chestnut St, Suffern, NY 10901

Elizabeth Balsamo Di Stefano

Real Estate, Estate, Divorce & Family Law, Accident & Injury

Status: Licensed: 42 Years

CONTACT

16 Chestnut St, Suffern, NY 10901

Gregory J. Brosnan

Commercial Real Estate, Estate Planning, Corporate, Divorce

Status: Licensed: 19 Years

CONTACT

2 Antrim Ave, Suffern, NY 10901

Barry Arthur Sturtz

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 49 Years

CONTACT

134 Route 59, Suffern, NY 10901

Richard Harry Ackerson

Estate, Business

Status: Licensed: 58 Years

CONTACT

16 Claremont Ln, Suffern, NY 10901

Arnold Philip Etelson

Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 63 Years

CONTACT

1 Executive Blvd, Suffern, NY 10901

Howard Ira Garfinkel

Estate, Wills & Probate

Status: Licensed: 42 Years

CONTACT

49 N Airmont Rd, Suffern, NY 10901

David Malcolm Klein

Commercial Real Estate, Estate Planning, Elder Law, Civil & Human Rights

Status: Licensed: 52 Years

CONTACT

2 Executive Blvd, Suffern, NY 10901

Emanuel Haas

Health Care, Estate, Civil & Human Rights

Status: Licensed: 43 Years

CONTACT

365 Route 59, Suffern, NY 10952

Sonia Burgos Crannage

Other, Estate, Civil & Human Rights

Status:

CONTACT

139 Lafayette Ave, Suffern, NY 10901

800-923-0641

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LEGAL TERMS

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.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

DEED OF TRUST

See trust deed.

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.

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.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living 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 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). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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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Hillburn Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Gerard Muller

Elizabeth Balsamo Di Stefano

Gregory J. Brosnan

Barry Arthur Sturtz

Richard Harry Ackerson

Arnold Philip Etelson

Howard Ira Garfinkel

David Malcolm Klein

Emanuel Haas

Sonia Burgos Crannage

TIPS

LEGAL TERMS

ESTATE PLANNING

LETTERS TESTAMENTARY

POUR-OVER WILL

DEED OF TRUST

EXEMPTION TRUST

DEATH TAXES

BANKRUPTCY ESTATE

RESIDUARY ESTATE

PER STIRPES

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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