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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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Michael A. Bolas

International, Estate, Business

Status: Licensed: 43 Years

CONTACT

5600 Mckinley Pkwy, Hamburg, NY 14075

Brian Francis Attea

Other, Real Estate, Estate

Status: Licensed: 32 Years

CONTACT

11 Main St, Hamburg, NY 14075

Deborah Marie Barone

Health Care, Estate, Business

Status: Licensed: 31 Years

CONTACT

11 Main St, Hamburg, NY 14075

Robert G. Walsh

Estate

Status: Licensed: 42 Years

CONTACT

4 Woodview Ct, Hamburg, NY 14075

Jeffrey Crozier Magavern

Estate, Civil & Human Rights, Business

Status: Licensed: 35 Years

CONTACT

71 Main St, Hamburg, NY 14075

Dennis Charles Gaughan

Real Estate, Estate, Criminal, Bankruptcy & Debt

Status:

CONTACT

6161 S Park Ave, Hamburg, NY 14075

William F. Keenan

Real Estate, Estate, Business

Status: Licensed: 68 Years

CONTACT

38 Lake St, Hamburg, NY 14075

Michael Joseph Montesano

Real Estate, Estate, Environmental Law, Bankruptcy & Debt

Status: Licensed: 35 Years

CONTACT

38 Lake St, Hamburg, NY 14075

Kyle Calabrese

Wills & Probate, Divorce, DUI-DWI, Personal Injury

Status:

CONTACT

265 Union St, Hamburg, NY 14075

Cheryl Mcfadden Zak

Estate, Divorce, Divorce & Family Law

Status: Licensed: 31 Years

CONTACT

12 Norwood Ave, Hamburg, NY 14075

800-923-0641

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LEGAL TERMS

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.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

SUCCESSOR TRUSTEE

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

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

FAMILY POT TRUST

See pot trust.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

MARITAL LIFE ESTATE TRUST

See AB trust.

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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North Boston Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael A. Bolas

Brian Francis Attea

Deborah Marie Barone

Robert G. Walsh

Jeffrey Crozier Magavern

Dennis Charles Gaughan

William F. Keenan

Michael Joseph Montesano

Kyle Calabrese

Cheryl Mcfadden Zak

TIPS

LEGAL TERMS

ESTATE TAXES

WARRANTY DEED

RESIDUARY ESTATE

TRUSTEE POWERS

SUCCESSOR TRUSTEE

PUBLIC ADMINISTRATOR

FAMILY POT TRUST

PROBATE COURT

MARITAL LIFE ESTATE TRUST

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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