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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
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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
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Timothy Joel Schofield

Estate, Divorce

Status: In Good Standing Licensed: 46 Years

CONTACT

2973 State Route 28, Old Forge, NY 13420

Edgar S. K. Merrell

Commercial Real Estate, Real Estate, Estate Planning, Business & Trade

Status: In Good Standing Licensed: 46 Years

CONTACT

Lowville, NY 13367

Kevin M. Mcardle

Real Estate Other, Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

7571 S State St, Lowville, NY 13367

Thomas Anthony Campany

Real Estate, Estate, Business

Status: In Good Standing Licensed: 49 Years

CONTACT

7571 S State St, Lowville, NY 13367

Susan Elizabeth Hartmann

Estate, Business

Status: In Good Standing Licensed: 23 Years

CONTACT

Speculator, NY 12164

Colleen Elissa Delcore

Real Estate, Estate, Criminal, Business

Status: In Good Standing Licensed: 30 Years

CONTACT

6289 Nys Route 30, Indian Lake, NY 12842

Robert Crouse Baldwin

Estate Planning

Status: In Good Standing Licensed: 39 Years

CONTACT

187 Dover Road, Barneveld, NY 13304

Victoria Hasseler Collins

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing

CONTACT

225 State St, Carthage, NY 13619

Kirk Gagnier

Real Estate, International, Estate, Business

Status: In Good Standing

CONTACT

51 Lake St, Tupper Lake, NY 12986

Natasha Joseph

Family Law, Wills & Probate, Collaborative Law, Wills

Status: In Good Standing Licensed: 23 Years

CONTACT

1724 N James St, Rome, NY 13440

800-923-0641

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LEGAL TERMS

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

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.

WARRANTY DEED

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

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

IRREVOCABLE TRUST

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

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.

SUCCESSOR TRUSTEE

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

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.

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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Old Forge Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Timothy Joel Schofield

Edgar S. K. Merrell

Kevin M. Mcardle

Thomas Anthony Campany

Susan Elizabeth Hartmann

Colleen Elissa Delcore

Robert Crouse Baldwin

Victoria Hasseler Collins

Kirk Gagnier

Natasha Joseph

TIPS

LEGAL TERMS

STATUTORY SHARE

REMAINDERMAN

AUGMENTED ESTATE

WARRANTY DEED

SPECIFIC BEQUEST

IRREVOCABLE TRUST

INHERITANCE TAXES

SUCCESSOR TRUSTEE

GROSS 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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