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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

Bellanca J. Fletcher

Real Estate, Wills & Probate, Estate Planning, Elder Law

Status:

CONTACT

251 River Street, Troy, NY 12181

Theresa Marinello Ries

Real Estate, Trusts, Estate Planning, Elder Law

Status:

CONTACT

930 Albany Shaker Road, Latham, NY 12110

Arkley L. Mastro

Landlord-Tenant, Motor Vehicle, Immigration, Estate Planning

Status: Licensed: 52 Years

CONTACT

29 British American Blvd, Latham, NY 12110

Cristina Paone Lennon

Commercial Real Estate, Government, Estate Planning, Business

Status: Licensed: 29 Years

CONTACT

9 Anchor Dr, Waterford, NY 12188

Edward Gray Watkins

Title Insurance, Commercial Real Estate, Estate Planning

Status: Licensed: 47 Years

CONTACT

1745 Route 9, Clifton Park, NY 12065

Gary Sancilio

Estate Administration, Gift Taxation, Elder Law, Business Successions

Status: Licensed: 30 Years

CONTACT

24 Century Hill Dr, Latham, NY 12110

Joshua Aaron Brody

Litigation, Estate Planning, Elder Law, Business, Credit & Debt

Status: Licensed: 13 Years

CONTACT

29 British American Blvd, Latham, NY 12110

Kennet Scott Bransby

Estate Planning, Family Law, Child Custody, Adoption

Status: Licensed: 20 Years

CONTACT

118 County Route 59, Buskirk, NY 12028

Laura Marie Darling

Landlord-Tenant, Real Estate, Traffic, Estate Planning

Status: Licensed: 13 Years

CONTACT

270 River Street, Troy, NY 12180

Rebecca A. Borden

Intellectual Property, Estate Planning, Family Law, DUI-DWI

Status: Licensed: 26 Years

CONTACT

43 British American Blvd, Latham, NY 12110

800-923-0641

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LEGAL TERMS

FAMILY POT TRUST

See pot trust.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

CERTIFICATION OF TRUST

See abstract of trust.

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.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

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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Melrose Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bellanca J. Fletcher

Theresa Marinello Ries

Arkley L. Mastro

Cristina Paone Lennon

Edward Gray Watkins

Gary Sancilio

Joshua Aaron Brody

Kennet Scott Bransby

Laura Marie Darling

Rebecca A. Borden

TIPS

LEGAL TERMS

FAMILY POT TRUST

SELF-PROVING WILL

INHERITANCE TAXES

CERTIFICATION OF TRUST

ESTATE PLANNING

DISINHERIT

FINAL BENEFICIARY

TESTAMENTARY TRUST

AUGMENTED ESTATE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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