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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

Not enough matches for New Russia Estate Planning lawyer.
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Miriam Cecile Hadden

Divorce & Family Law, Criminal, Estate, Medical Products & Devices

Status: Licensed: 20 Years

CONTACT

7551 Court St, Elizabethtown, NY 12932

Edward B. Flink

Traffic, Litigation, Estate Planning, Products Liability, Personal Injury

Status: Licensed: 47 Years

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2577 Main St, Lake Placid, NY 12946

Jill Choate Beier

Estate Planning, Criminal, Civil & Human Rights, Bankruptcy

Status: Licensed: 19 Years

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1936 Saranac Ave, Lake Placid, NY 12946

William M. Finucane

Social Security, Estate, Divorce, Criminal

Status: Licensed: 43 Years

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103 Hand Avenue, Elizabethtown, NY 12932

Katherine Anne Giovacco

Real Estate, Lawsuit, Immigration, Estate

Status:

CONTACT

7559 Court St, Elizabethtown, NY 12932

Carl J. Rubino

Real Estate, Industry Specialties, Estate, Accident & Injury

Status: Licensed: 51 Years

CONTACT

Wilmington, NY 12997

Gregory M. Dennin

Real Estate, Lawsuit & Dispute, Estate, Civil & Human Rights, Bankruptcy & Debt

Status: Licensed: 39 Years

CONTACT

2745 Main St, Lake Placid, NY 12946

Joel Philip Peller

Estate, Business, Lawsuit & Dispute

Status: Licensed: 31 Years

CONTACT

2276 Saranac Ave, Lake Placid, NY 12946

John Charles Breitenbach

Real Estate, Estate, Criminal, Civil & Human Rights

Status: Licensed: 25 Years

CONTACT

23 Father Jogues Pl, Paradox, NY 12883

John Tinnelly Manning

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 65 Years

CONTACT

989 Point Rd, Willsboro, NY 12996

800-923-0641

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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

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.

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.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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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New Russia Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Miriam Cecile Hadden

Edward B. Flink

Jill Choate Beier

William M. Finucane

Katherine Anne Giovacco

Carl J. Rubino

Gregory M. Dennin

Joel Philip Peller

John Charles Breitenbach

John Tinnelly Manning

TIPS

LEGAL TERMS

TITLE COMPANY

CHARITABLE TRUST

PREDECEASED SPOUSE

GRANT DEED

CONTINGENT BENEFICIARY

GROSS ESTATE

SUMMARY PROBATE

AB TRUST

RESIDUARY BENEFICIARY

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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