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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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Jason L. Cassidy

Criminal, Estate Planning, Family Law, Litigation, Workers' Compensation

Status: In Good Standing

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3300 Vickery Road, Syracuse, NY 13212

Christopher M. Judge

Divorce & Family Law, Estate, Real Estate, Traffic

Status: In Good Standing Licensed: 12 Years

FREE CONSULTATION

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217 South Salina Street, Syracuse, NY 13202

John Beatty

Business, Tax, Estate, Medicare & Medicaid

Status: In Good Standing Licensed: 9 Years

CONTACT

217 South Salina Street, Syracuse, NY 13202

Donald Roger Swete

Traffic, Estate, Bankruptcy & Debt, Accident & Injury, Slip & Fall Accident

Status: In Good Standing Licensed: 40 Years

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1632 W Genesee, Syracuse, NY 13204

Jane G. Kuppermann

Civil Rights, Litigation, Personal Injury, Wills & Probate

Status: In Good Standing

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308 Maltbie Street, Syracuse, NY 13204

John S. King

Real Estate, Wills & Probate, Trusts, Consumer Rights

Status: Retired Licensed: 40 Years

CONTACT

507 Plum St, Syracuse, NY 13204

Aaron Daniel Frishman

Medicare & Medicaid, Trusts, Estate Planning, Estate, Elder Law

Status: In Good Standing

CONTACT

110 W Fayette St, Syracuse, NY 13202

Michael Edward O'connor

Estate, Elder Law, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 50 Years

CONTACT

1 Lincoln Ctr, Syracuse, NY 13202

Aaron Daniel Frishman

Trusts, Estate, Elder Law, Civil & Human Rights, Estate Planning

Status: In Good Standing

CONTACT

110 W Fayette St, Syracuse, NY 13202

Gwen Z. Gou

Business, Gift Taxation

Status: In Good Standing

CONTACT

110 West Fayette Street, Syracuse, NY 13202

800-923-0641

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LEGAL TERMS

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

NET ESTATE

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

SUCCESSOR TRUSTEE

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

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.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

SECONDARY MEANING

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use ... (more...)

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use and exposure in the marketplace. For example, though first names are not generally considered inherently distinctive, Ben & Jerry's Ice Cream has become so well known that it is now entitled to maximum trademark protection.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

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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Liverpool Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jason L. Cassidy

Christopher M. Judge

John Beatty

Donald Roger Swete

Jane G. Kuppermann

John S. King

Aaron Daniel Frishman

Michael Edward O'connor

Aaron Daniel Frishman

Gwen Z. Gou

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LEGAL TERMS

AB TRUST

FINAL BENEFICIARY

NET ESTATE

SUCCESSOR TRUSTEE

SURVIVING SPOUSE'S TRUST

INCOMPETENCE

SECONDARY MEANING

IRREVOCABLE TRUST

BANKRUPTCY ESTATE

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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