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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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A Steven Young

Health Care, Estate Planning, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 51 Years

CONTACT

629 5Th Ave, Pelham, NY 10803

John T. Gildea

Real Estate, Estate, Criminal

Status: In Good Standing Licensed: 38 Years

CONTACT

20 Alden Pl, Bronxville, NY 10708

Neal Alan Schwarzfeld

Real Estate, Estate, Business

Status: In Good Standing Licensed: 53 Years

CONTACT

25 Randall Place, Pelham, NY 10803

Diron Elizabeth Rutty

Real Estate, Immigration, Estate

Status: In Good Standing Licensed: 30 Years

CONTACT

3921 Dyre Ave, Bronx, NY 10466

Linda A. Evanko

Estate

Status: In Good Standing Licensed: 43 Years

CONTACT

16 Sussex Ave, Bronxville, NY 10708

Joseph A DiSalvo

Wills & Probate, Real Estate, Corporate, Corporate

Status: In Good Standing Licensed: 48 Years

CONTACT

111 Kraft Ave, Bronxville, NY 10708

Maria C. Cavallo

Commercial Real Estate, Trusts

Status: In Good Standing Licensed: 35 Years

CONTACT

51 Pondfield Rd, Bronxville, NY 10708

Michael F. Horgan

Real Estate, Estate, Business

Status: In Good Standing Licensed: 35 Years

CONTACT

51 Pondfield Rd, Bronxville, NY 10708

Thomas A. Conniff

Other, Real Estate, Immigration, Estate

Status: In Good Standing Licensed: 63 Years

CONTACT

915 Wynnewood Rd, Pelham, NY 10803

Lori Stewart Blea

Real Estate, Immigration, Estate, Business

Status: In Good Standing

CONTACT

25 Park Pl, Bronxville, NY 10708

800-923-0641

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LEGAL TERMS

SURROGATE COURT

See probate court.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

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.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

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.

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.

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.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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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Mount Vernon Estate Lawyer, New York, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

A Steven Young

John T. Gildea

Neal Alan Schwarzfeld

Diron Elizabeth Rutty

Linda A. Evanko

Joseph A DiSalvo

Maria C. Cavallo

Michael F. Horgan

Thomas A. Conniff

Lori Stewart Blea

TIPS

LEGAL TERMS

SURROGATE COURT

CONTINGENT BENEFICIARY

EXEMPTION TRUST

INVENTORY

INTER VIVOS TRUST

ESTATE TAXES

BANKRUPTCY ESTATE

GROSS ESTATE

DISTRIBUTEE

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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