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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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Arthur Bennett Williams

Real Estate, Government, Estate

Status: Licensed: 43 Years

CONTACT

165 E Union St, Newark, NY 14513

Christine Carol Lachnicht

Commercial Real Estate, Trusts, Corporate, Banking & Finance

Status:

CONTACT

634 South Main Street, Newark, NY 14513

Cynthia Marie Katherine Kukuvka

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 41 Years

CONTACT

54 Broad St, Lyons, NY 14489

Deborah Gerber Farber

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 48 Years

CONTACT

54 Broad St, Lyons, NY 14489

Edwin P. Frick

Estate, Wrongful Termination, Criminal, Bankruptcy

Status: Licensed: 11 Years

CONTACT

6 E Main St, Sodus, NY 14551

John W. Gibbon

Real Estate, Estate, Divorce & Family Law, Criminal

Status: Licensed: 45 Years

CONTACT

Lyons, NY 14489

Michael Ralph Miller

Tax, Real Estate, Estate Planning, Estate

Status: Licensed: 32 Years

CONTACT

211 West Ave, Newark, NY 14513

Michael D Calarco

Trusts, Estate, Collection, Bankruptcy

Status: Licensed: 35 Years

CONTACT

605 Mason St, Newark, NY 14513

Pamela J. Gardner

Real Estate, Estate, Business

Status: Licensed: 43 Years

CONTACT

330 East Ave, Newark, NY 14513

Richard William Youngman

Other, Government, Estate, Criminal

Status: Licensed: 50 Years

CONTACT

26 Church St, Lyons, NY 14489

800-923-0641

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LEGAL TERMS

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

TITLE COMPANY

A company that issues title insurance.

GRANTOR

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

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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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Lyons Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Arthur Bennett Williams

Christine Carol Lachnicht

Cynthia Marie Katherine Kukuvka

Deborah Gerber Farber

Edwin P. Frick

John W. Gibbon

Michael Ralph Miller

Michael D Calarco

Pamela J. Gardner

Richard William Youngman

TIPS

LEGAL TERMS

WILL

DOWER AND CURTESY

DEVISEE

TITLE COMPANY

GRANTOR

AUGMENTED ESTATE

MARITAL LIFE ESTATE TRUST

ESTATE TAXES

ABATEMENT

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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