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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.
3. Practice AreasServices
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Carl William Hasselbarth

General Practice

Status: Licensed: 13 Years

CONTACT

Clifton Park, NY 12065

Robert Lutton Beebe

Real Estate, Traffic, Wills & Probate, Employment, Criminal

Status: Licensed: 55 Years

CONTACT

514 Vischer Ferry Rd, Clifton Park, NY 12065

John Walter Clark

Estate

Status: Licensed: 48 Years

CONTACT

646 Plank Rd, Clifton Park, NY 12065

Mary Vinciguerra D'Ambrosio

Real Estate, Government, Estate

Status:

CONTACT

641 Grooms Rd, Clifton Park, NY 12065

Michael William Schafer

Commercial Real Estate, Wills, Trusts, Estate Planning

Status: Licensed: 35 Years

CONTACT

3 Corporate Dr, Clifton Park, NY 12065

Arthur Frederic Casey

Commercial Real Estate, Wills & Probate, Trusts, Banking & Finance

Status: Licensed: 56 Years

CONTACT

Clifton Park, NY 12065

Joseph C. Berger

Lawsuit & Dispute, Estate, Divorce & Family Law, Business

Status: Licensed: 50 Years

CONTACT

10 Maxwell Drive, Clifton Park, NY 12065

Lawrence Joseph Mahar

Real Estate, Estate, Divorce & Family Law, Business

Status: Licensed: 47 Years

CONTACT

Clifton Park, NY 12065

Jacqueline Nicole Goralczyk

Litigation, Estate Planning, Family Law, DUI-DWI

Status: Licensed: 9 Years

CONTACT

3 Corporate Dr, Clifton Park, NY 12065

Daniel Bruce Wade

Litigation, Estate Planning, Family Law, DUI-DWI

Status: Licensed: 21 Years

CONTACT

805 Route 146, Clifton Park, NY 12065

800-814-6700

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LEGAL TERMS

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

MARITAL LIFE ESTATE TRUST

See AB trust.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

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.

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

NET ESTATE

The value of all property owned at death less liabilities or debts.

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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Rexford Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Carl William Hasselbarth

Robert Lutton Beebe

John Walter Clark

Mary Vinciguerra D'Ambrosio

Michael William Schafer

Arthur Frederic Casey

Joseph C. Berger

Lawrence Joseph Mahar

Jacqueline Nicole Goralczyk

Daniel Bruce Wade

TIPS

LEGAL TERMS

LIVING TRUST

MARITAL LIFE ESTATE TRUST

MINERAL RIGHTS

DEVISEE

SPECIFIC BEQUEST

FUNDING A TRUST

EXEMPTION TRUST

GENERATION-SKIPPING TRANSFER TAX

NET 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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